LI is trading at $16.64 (-3.62%), aligning with broader market weakness driven by tech pressure and macro concerns.
- Broader market indices are down, with the S&P 500 dropping 0.34% and the NASDAQ falling 0.82%.
- There is no company-specific news driving today's move.
- An older analyst note from January 7 cited weak Q4 results and the China EV price war, leading Freedom Capital to cut its target to $25.