In a filing, BeiGene Ltd ADR revealed its SVP, General Counsel Lee Chan Henry unloaded Company’s shares for reported $0.28 million on Sep 30 ’24. In the deal valued at $237.10 per share,1,202 shares were sold. As a result of this transaction, Lee Chan Henry now holds 0 shares worth roughly $0.0.
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Then, Wang Lai sold 5,000 shares, generating $1,101,774 in total proceeds. Upon selling the shares at $220.35, the Global Head of R&D now owns 0 shares.
Before that, CHAN LEE bought 1,202 shares. BeiGene Ltd ADR shares valued at $262,541 were divested by the Officer at a price of $218.42 per share.
JMP Securities initiated its BeiGene Ltd ADR [BGNE] rating to a Mkt outperform in a research note published on September 18, 2024; the price target was $288. Macquarie began covering BGNE with “an Outperform” recommendation on September 12, 2023. Jefferies started covering the stock on August 17, 2023. It rated BGNE as “a Buy”.
Price Performance Review of BGNE
On Friday, BeiGene Ltd ADR [NASDAQ:BGNE] saw its stock jump 5.31% to $246.04. Over the last five days, the stock has gained 12.65%. BeiGene Ltd ADR shares have risen nearly 36.42% since the year began. Nevertheless, the stocks have risen 45.46% over the past one year. While a 52-week high of $238.80 was reached on 10/04/24, a 52-week low of $126.97 was recorded on 04/19/24. SMA at 50 days reached $194.62, while 200 days put it at $167.10.
Levels Of Support And Resistance For BGNE Stock
The 24-hour chart illustrates a support level at 243.35, which if violated will result in even more drops to 240.65. On the upside, there is a resistance level at 248.45. A further resistance level may holdings at 250.85. The Relative Strength Index (RSI) on the 14-day chart is 81.79, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 22.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.11%. Stochastics %K at 90.91% indicates the stock is a selling.
How much short interest is there in BeiGene Ltd ADR?
A steep rise in short interest was recorded in BeiGene Ltd ADR stocks on 2024-09-13, dropping by 9373.0 shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.01 million shares. There was a decline of -0.47%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 17, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $275 price target.
