Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GDS Holdings Limited ADR shares valued at $124,136 were purchased by Liang Yan on Sep 11 ’24. At $16.91 per share, Liang Yan acquired 7,341 shares.
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Also, Qian Yixin purchased 5,000 shares, netting a total of over 82,000 in proceeds.
Before that, Liang Yan had added 10,000 shares to its account. In a trade valued at $164,000, the Officer bought GDS Holdings Limited ADR shares for $16.40 each.
As published in a research note from RBC Capital Mkts on July 08, 2024, GDS Holdings Limited ADR [GDS] has been rated up from a Sector perform to an Outperform and the price target has been revised to $14 from $13. Earlier on March 17, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for GDS stock which previously was a “a Hold”.
Analyzing GDS Stock Performance
During the last five days, there has been a surge of approximately 13.98%. Over the course of the year, GDS Holdings Limited ADR shares have jumped approximately 152.08%. Shares of the company reached a 52-week high of $23.81 on 10/02/24 and a 52-week low of $5.01 on 02/05/24. A 50-day SMA is recorded $15.37, while a 200-day SMA reached $9.80. Nevertheless, trading volume fell to 2.32 million shares from 2.14 million shares the previous day.
Support And Resistance Levels for GDS Holdings Limited ADR (GDS)
According to the 24-hour chart, there is a support level at 22.01, which, if violated, would cause prices to drop to 21.02. In the upper region, resistance lies at 23.89. The next price resistance is at 24.79. RSI (Relative Strength Index) is 73.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.29, which suggests the price will increase in the coming days. Percent R is at 10.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
