Chinese wealth management firm Noah Holdings (NYSE:NOAH) issued a statement on Tuesday saying that it had been contacted by the New York Stock Exchange over “unusual market activity” involving its shares.
On Monday, Noah shares jumped more than 20%. That followed a 8% rise on Friday. The company indicated that it would not speculate about the causes of any unusual market activity or comment on rumors due to existing policies.
Noah sells a range of fixed income products, securities investment funds, mutual funds, private equity funds to wealthy clients in China.
Shares of Noah Holdings fell more than 2% in Tuesday trading.