Zhihu

Zhihu opened at 2.66 and ground up to a 2.81 peak at 09:57 ET before fading to close at 2.75, up 3.0% from 2.67, though the move came on just 50,068 shares and about $136,000 of turnover, pointing to thin, headline-driven buying rather than broad participation. The tape drew support from a disclosed content collaboration with Alibaba's Qwen on trusted-content connection mechanisms in the AI era, plus four consecutive buybacks from Oct 20-23 totalling roughly 566,200 shares for about $648,000. Fundamentals lag the price action: Q2 2026 revenue of $101.6M grew only 1.56% year over year while the net loss of $5.5M widened 154%, leaving EPS at -$0.0721. The stock still trades below its MA20 of 3.184 and MA60 of 3.178, down 17.4% year to date and 39.2% below the 52-week high of $4.52, only 7.8% above the Nov 3 low of $2.55, with PB at 0.46. Though a 0.29% turnover rate suggests the rebound lacks depth.

Zhihu (ZH.US) closed up 6.3% at $2.71 on Wednesday, rebounding off the 52-week low of $2.55 set just a day earlier; the stock lifted from $2.55 in pre-market at 04:00 ET, spiked to $2.795 by 10:17 ET, then gave back part of the gain and held $2.71 after hours. The move tracked a broader China ADR rally as the Nasdaq Golden Dragon China Index rose more than 2%, reinforced by disclosure of a content collaboration with Alibaba's Qwen and four consecutive buyback sessions from October 20-23 totaling about 566,200 shares for roughly $648,100. Fundamentals remain mixed: Q2 2026 revenue of $101.6M grew only 1.56% y/y, while the $5.51M net loss widened 154% y/y and EPS was -$0.0721, even as the $11.18M operating loss narrowed 11.99%. The price sits 40% below its 52-week high of $4.52 and down 18.6% YTD, under both the MA20 of 3.258 and MA60 of 3.193, though turnover was just 0.45% and $536,737 in value, so volume did not expand much.

Zhihu (ZH.US) traded roughly flat at 3.790 USD pre-market, then rebounded off its intraday low but still closed about 5.8% lower in the regular session, sliding from a 3.80 USD prior close to 3.58 USD after touching 3.495 USD at 13:01 ET, with post-market recovering to 3.820 USD. The decline followed three straight weekly gains of about 17.13%, 13.03% and 10.08%. Q2 2026 revenue of 101.58 million USD rose only 1.63% year over year, while net profit swung to a 5.51 million USD loss, down 154.5%, leaving a negative P/E alongside a 0.60 price-to-book. At 3.58 USD the shares remain above the MA20 of 3.111 and MA60 of 3.164, up 7.51% year to date, about 32% below the 52-week high of 5.27 USD but roughly 39.8% above the 2.56 USD low set on 3 September. The company, though, keeps filing share repurchases for cancellation on HKEX and has called an October 20 EGM to vote on a 1.5 billion RMB subscription into an AI-focused fund.

Zhihu (ZH.US) experienced an intraday surge and pullback, briefly spiking to $4.028 in early trading before steadily declining to close at $3.765, a modest 0.4% gain from the prior close of $3.75 but a 6.5% drop from the day's high. The downturn was primarily driven by news that the company plans to hold an extraordinary general meeting on October 20, 2026, to approve a RMB 1.5 billion subscription in an AI-focused investment fund, sparking concerns over near-term cash deployment. Pre-market trading ranged from $3.70 to $3.78, with the regular session touching an intraday low of $3.725, while post-market activity eased further to $3.76. The stock remains 30.8% below its 52-week high of $5.44 but has rebounded 47% from the 52-week low of $2.56, currently trading above both its 20-day ($3.023) and 60-day ($3.148) moving averages, with a year-to-date gain of 13.1%. On the earnings front, Q2 2026 revenue edged up 1.6% YoY to $101.6 million, but net loss widened to $5.5 million, deteriorating 154.5% YoY, with an EPS loss of $0.072. Despite fundamental pressure, the price-to-book ratio stands at 0.63, suggesting continued valuation downside protection.

Zhihu rose sharply on the NYSE today, closing up 7.14% at $3.75, driven by the announcement of an extraordinary general meeting on October 20, 2026, to vote on a proposed RMB 1.5 billion subscription in an AI-focused fund managed by Monolith. The stock opened at $3.48 in pre-market and rallied to an intraday high of $3.775, with trading volume reaching 305k shares, significantly above the 60-day average. However, fundamentals remain weak: Q2 revenue grew only 1.63% YoY, while net loss widened 154.51% to $5.5 million, resulting in an EPS loss of $0.072 and a net margin of -5.42%. The stock is still 31% below its 52-week high of $5.44, but has rebounded above both the 20-day MA ($2.987) and 60-day MA ($3.137), and is up 12.61% year-to-date.