Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. FinVolution Group ADR shares valued at $2,625,000 were purchased by Jun Zhang on Sep 03 ’24. At $5.25 per share, Jun Zhang acquired 500,000 shares.
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Also, Ho Simon Tak Leung purchased 444,630 shares, netting a total of over 2,574,407 in proceeds.
As published in their initiating research note from Nomura on December 18, 2023, FinVolution Group ADR [FINV] has been a Buy. Analysts at Daiwa Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of March 15, 2023, Citigroup has decreased its “Buy” rating to a “Neutral” for FINV. Earlier on February 01, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for FINV stock which previously was a “a Neutral”.
Analyzing FINV Stock Performance
During the last five days, there has been a surge of approximately 15.37%. Over the course of the year, FinVolution Group ADR shares have jumped approximately 39.39%. Shares of the company reached a 52-week high of $6.89 on 10/03/24 and a 52-week low of $4.45 on 03/19/24. A 50-day SMA is recorded $5.52, while a 200-day SMA reached $5.06. Nevertheless, trading volume fell to 2.22 million shares from 2.26 million shares the previous day.
Support And Resistance Levels for FinVolution Group ADR (FINV)
According to the 24-hour chart, there is a support level at 6.66, which, if violated, would cause prices to drop to 6.48. In the upper region, resistance lies at 6.95. The next price resistance is at 7.06. RSI (Relative Strength Index) is 87.48 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 3.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
