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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

76% of retail investor accounts lose money when trading CFDs with this provider.

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Lenovo Group Stock

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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Competitors

About

History

Competitors

Lenovo is a global technology leader that designs, develops, and manufactures innovative products for a wide range of customers. The company, with a market capitalization of 107.58 billion HKD as of August 31st, 2023, is known for manufacturing personal computers, smartphones, televisions, and wearable devices.

Founded in Beijing, China in 1984, by Liu Chuanzhi and a group of ten engineers, it initially focused on distributing computers under the brand name "Legend." In 2004, the company acquired IBM's personal computer division, which significantly expanded its presence in the global market. The company went public on the Hong Kong Stock Exchange in 1994.

Today, Lenovo continues to innovate and provide intelligent devices, including laptops, desktops, tablet PCs, and accessories, catering to the evolving needs of consumers and businesses.

Lenovo experienced a significant drop in stock price in March 2020 when it reached its lowest point at 3.54 HKD. This decline was due to market concerns surrounding the COVID-19 pandemic, which had led to a global economic slowdown. However, the stock price rebounded strongly, with the highest share price of 11.60 HKD being recorded in March 2021.

One example of a trading strategy that traders could use when trading the stock is day trading. Day trading involves buying and selling shares within the same trading day. This strategy is popular among traders who want to take advantage of volatile market conditions in the short term. Other trading strategies that traders could use include scalping trading, swing trading, copy trading, and position trading. Also, when analyzing the stock, traders could use various tools and indicators to make informed trading decisions. One such tool is candlestick patterns. Candlestick patterns could help traders to identify potential changes in stock price trends.

When you decide to trade Lenovo's stock, it's wise to study its industry, trends, and market position compared to its competitors. So who are its competitors?

  • Hewlett Packard (HPQ.US) is an American multinational technology company that specializes in manufacturing and providing a wide range of hardware and software solutions. With a rich history dating back to 1939, HP has been a major player in the technology industry. It offers a diverse portfolio of products including personal computers, printers, servers, storage devices, and networking equipment.
  • Apple (AAPL.US) is a renowned global technology company that designs and sells consumer electronics, software, and online services. Founded in 1976, Apple has become synonymous with innovation and user-friendly products. It is widely recognized for its iconic devices such as iPhone, iPad, Mac, and Apple Watch.

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Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset

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No commissions
Just low spreads

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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