Highway Holdings Limited (HIHO) stock jumped 67.00 percent, or $0.56, to $1.39 on Tuesday after the company announced it has signed a letter of intent to acquire a controlling stake in German-based Regent-Feinbau Adermann GmbH.
The stock was trading at $1.39, up from a previous close of $0.83 on the New York Stock Exchange. Shares opened at $1.34 and moved within a day's range of $1.23 to $2.21.
Trading volume surged to about 142.66 million shares, far exceeding the average volume of roughly 15,300 shares.
Highway Holdings has traded between $0.77 and $2.21 over the past 52 weeks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.