LI is trading at $17.89 (+3.14%) as it bucks the broader market decline despite a lack of company-specific news or earnings announcements.
- The stock continues a multi-day rally, outperforming the S&P 500 (down 0.96%) and Nasdaq (down 1.36%) following consecutive gains on February 3 and 4.
- While no direct catalyst was identified, positive sentiment from the February 4 critical minerals summit may be providing indirect support to the EV sector.