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Tag: KC STOCK PRICE

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Kingsoft Cloud Holdings Ltd. (KC) Stock Plunging in Premarket, Here’s the Reason

Kingsoft Cloud Holdings Ltd. (KC), a company providing cloud services to different businesses and organizations, gained an increase of 1.62% during Thursday’s regular trading session to close the day at $6.27. In the premarket, KC stock has slumped 6.22% and consequently was trading at $5.88 when last checked. The stock started to decline following the announcement of below-par financial results. Q4 & FY 2021 Results On Thursday, after the closure of the market, KC announced the results for Q4 and FY 2021. The company generated $417.4 million in terms of revenue during the quarter, an increase of 38.3% on a year-over-year basis.