Taking a look at what insiders are doing to gauge the Full Truck Alliance Co. Ltd. (YMM)’s direction


As published in their initiating research note from Barclays on February 09, 2023, Full Truck Alliance Co. Ltd. [YMM] has been an Equal weight. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of June 29, 2022, Credit Suisse has initiated its “an Outperform” rating for YMM. Earlier on August 26, 2021, Citigroup initiated its rating. Their recommendation was “a Buy” for YMM stock.

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Analyzing YMM Stock Performance

On Thursday, Full Truck Alliance Co. Ltd. [NYSE: YMM] plunged -1.70% to $6.94. The stock’s lowest price that day was $6.905, but it reached a high of $7.24 in the same session. During the last five days, there has been a drop of approximately -2.94%. Over the course of the year, Full Truck Alliance Co. Ltd. shares have dropped approximately -13.25%. Shares of the company reached a 52-week high of $10.18 on 01/17/23 and a 52-week low of $6.66 on 02/21/23. A 50-day SMA is recorded $8.31, while a 200-day SMA reached $7.45. Nevertheless, trading volume fell to 6.82 million shares from 3.8 million shares the previous day.

Support And Resistance Levels for Full Truck Alliance Co. Ltd. (YMM)

According to the 24-hour chart, there is a support level at 6.82, which, if violated, would cause prices to drop to 6.69. In the upper region, resistance lies at 7.15. The next price resistance is at 7.36. RSI (Relative Strength Index) is 35.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 79.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Full Truck Alliance Co. Ltd. subject to short interest?

Stocks of Full Truck Alliance Co. Ltd. saw a sharp steep in short interest on Jan 12, 2023 dropping by -2.27 million shares to 42.04 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 44.31 million shares. A decline of -5.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.21 of the overall float, the days-to-cover ratio (short ratio) decline to 6.21.

Which companies own the most shares of Full Truck Alliance Co. Ltd. (YMM)?

According to Farallon Capital Management LLC filings, the company currently owns 43,439,743 shares, which is about 4.36% of the total YMM shares outstanding. The investor’s shares have plunged by -1,725,000 from its previous 13-F filing of 45164743.0 shares. With the completion of the sale transaction, Krane Funds Advisors LLC’s stake is now worth $265,999,217. The Vanguard Group, Inc. acquire a 0.49% interest valued at $152.6 million while Baillie Gifford & Co. sold a -38,718 stake. A total of 726,583 shares of Full Truck Alliance Co. Ltd. were sold by Alkeon Capital Management LLC during the quarter, and 1,905,600 were bought by Ward Ferry Management Ltd. In its current portfolio, RWC Asset Advisors holds 13,483,223 shares valued at $108.54 million.

In terms of Full Truck Alliance Co. Ltd. share price expectations, FactSet research, analysts set an average price target of $81.99 in the next 12 months, up nearly 1025.21% from the previous closing price of $7.06. Analysts anticipate Full Truck Alliance Co. Ltd. stock to reach $122.98 by 2023, with the lowest price target being $54.30. In spite of this, 9 analysts ranked Full Truck Alliance Co. Ltd. stock as a Buy at the end of 2023. On August 03, 2021, Goldman assigned a price target of “a Buy” to the stock and initiated coverage with a $20.50.


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