Futu Holdings Ltd ADR’s filing revealed that its Shareholder Huang River Investment Limited acquired Company’s shares for reported $200.0 million on Sep 26 ’24. In the deal valued at $9.69 per share,20,645,160 shares were bought.
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JP Morgan upgraded its Futu Holdings Ltd ADR [FUTU] rating to an Overweight from a a Neutral in a research note published on May 28, 2024; the price target was increased to $92 from $62. A number of analysts have revised their coverage, including CLSA’s analysts, who increased its forecast for the stock in mid March from “an Underperform” to “an Outperform”. JP Morgan also remained covering FUTU and has decreased its forecast on March 15, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on January 17, 2024. It rated FUTU as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of FUTU
On Tuesday, Futu Holdings Ltd ADR [NASDAQ:FUTU] saw its stock fall -13.07% to $112.08. Over the last five days, the stock has gained 4.22%. Futu Holdings Ltd ADR shares have risen nearly 105.16% since the year began. Nevertheless, the stocks have risen 95.36% over the past one year. While a 52-week high of $130.50 was reached on 10/07/24, a 52-week low of $43.61 was recorded on 01/22/24. SMA at 50 days reached $69.66, while 200 days put it at $62.54.
Levels Of Support And Resistance For FUTU Stock
The 24-hour chart illustrates a support level at 104.93, which if violated will result in even more drops to 97.77. On the upside, there is a resistance level at 116.31. A further resistance level may holdings at 120.53. The Relative Strength Index (RSI) on the 14-day chart is 69.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 28.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.97%. Stochastics %K at 90.12% indicates the stock is a selling.
How much short interest is there in Futu Holdings Ltd ADR?
A steep rise in short interest was recorded in Futu Holdings Ltd ADR stocks on 2024-09-13, growing by 26837.0 shares to a total of 4.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.28 million shares. There was a rise of 0.62%, which implies that there is a positive sentiment for the stock.
