Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Qifu Technology Inc. ADR shares valued at $21,192,000 were purchased by Andrew Y Yan on Sep 05 ’24. At $26.49 per share, Andrew Y Yan acquired 800,000 shares.
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Also, Zhiqiang He purchased 196,853 shares, netting a total of over 5,098,493 in proceeds.
Before that, Yan Zheng had added 250,000 shares to its account. In a trade valued at $6,210,000, the Officer bought Qifu Technology Inc. ADR shares for $24.84 each.
As published in their initiating research note from Nomura on December 18, 2023, Qifu Technology Inc. ADR [QFIN] has been a Buy. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. Earlier on January 05, 2021, Jefferies initiated its rating. Their recommendation was “a Buy” for QFIN stock.
Analyzing QFIN Stock Performance
During the last five days, there has been a surge of approximately 24.24%. Over the course of the year, Qifu Technology Inc. ADR shares have jumped approximately 109.61%. Shares of the company reached a 52-week high of $33.19 on 10/02/24 and a 52-week low of $13.71 on 02/05/24. A 50-day SMA is recorded $24.13, while a 200-day SMA reached $19.32. Nevertheless, trading volume fell to 3.19 million shares from 2.67 million shares the previous day.
Support And Resistance Levels for Qifu Technology Inc. ADR (QFIN)
According to the 24-hour chart, there is a support level at 32.29, which, if violated, would cause prices to drop to 31.42. In the upper region, resistance lies at 33.61. The next price resistance is at 34.07. RSI (Relative Strength Index) is 83.35 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.84, which suggests the price will increase in the coming days. Percent R is at 0.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
