Hello Group Inc ADR’s recent filing unveils that its Officer LI WANG acquired Company’s shares for reported $1.61 million on Sep 26 ’24. In the deal valued at $7.14 per share,226,013 shares were bought.
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Then, LI WANG bought 130,827 shares, generating $919,243 in total proceeds.
Before that, Wang Li bought 343,160 shares. Hello Group Inc ADR shares valued at $2,158,476 were divested by the Director at a price of $6.29 per share.
JP Morgan downgraded its Hello Group Inc ADR [MOMO] rating to a Neutral from a an Overweight in a research note published on June 03, 2024; the price target was decreased to $6 from $13. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid May from “an Equal-weight” to “an Underweight”. UBS also remained covering MOMO and has increased its forecast on April 28, 2023 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on April 14, 2023. It rated MOMO as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of MOMO
On Tuesday, Hello Group Inc ADR [NASDAQ:MOMO] saw its stock fall -2.42% to $7.67. Over the last five days, the stock has lost -2.42%. Hello Group Inc ADR shares have risen nearly 21.12% since the year began. Nevertheless, the stocks have risen 17.73% over the past one year. While a 52-week high of $8.19 was reached on 10/02/24, a 52-week low of $4.79 was recorded on 05/28/24. SMA at 50 days reached $6.80, while 200 days put it at $6.33.
Levels Of Support And Resistance For MOMO Stock
The 24-hour chart illustrates a support level at 7.30, which if violated will result in even more drops to 6.93. On the upside, there is a resistance level at 7.92. A further resistance level may holdings at 8.17. The Relative Strength Index (RSI) on the 14-day chart is 63.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.73%. Stochastics %K at 76.78% indicates the stock is a holding.
How much short interest is there in Hello Group Inc ADR?
A steep rise in short interest was recorded in Hello Group Inc ADR stocks on 2024-09-13, growing by 0.28 million shares to a total of 4.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.96 million shares. There was a rise of 6.71%, which implies that there is a positive sentiment for the stock.
