Trip.com Group Ltd ADR’s recent filing unveils that its Member of immediate family of Smart Charm Ltd acquired Company’s shares for reported $23.66 million on Sep 04 ’24. In the deal valued at $47.33 per share,500,000 shares were bought.
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Then, Fan Min bought 250,000 shares, generating $10,585,000 in total proceeds.
Nomura downgraded its Trip.com Group Ltd ADR [TCOM] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “an Overweight”. China Renaissance also remained covering TCOM and has increased its forecast on June 09, 2023 with a “Buy” recommendation from previously “Hold” rating.
Price Performance Review of TCOM
On Tuesday, Trip.com Group Ltd ADR [NASDAQ:TCOM] saw its stock jump 8.09% to $53.06. Over the last five days, the stock has gained 13.74%. Trip.com Group Ltd ADR shares have risen nearly 47.35% since the year began. Nevertheless, the stocks have risen 48.09% over the past one year. While a 52-week high of $58.00 was reached on 05/20/24, a 52-week low of $31.55 was recorded on 01/22/24. SMA at 50 days reached $44.82, while 200 days put it at $44.81.
Levels Of Support And Resistance For TCOM Stock
The 24-hour chart illustrates a support level at 51.60, which if violated will result in even more drops to 50.15. On the upside, there is a resistance level at 53.80. A further resistance level may holdings at 54.55. The Relative Strength Index (RSI) on the 14-day chart is 80.22, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.44%. Stochastics %K at 90.05% indicates the stock is a selling.
How much short interest is there in Trip.com Group Ltd ADR?
A steep rise in short interest was recorded in Trip.com Group Ltd ADR stocks on 2024-08-30, growing by 0.56 million shares to a total of 10.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.3 million shares. There was a rise of 5.16%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2023 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating .
