Trip.com Group Ltd ADR’s recent filing unveils that its Director Wang Xiaofan acquired Company’s shares for reported $26.53 million on Sep 26 ’24. In the deal valued at $53.06 per share,500,000 shares were bought.
Then, Baidu Holdings Ltd bought 10,525,696 shares, generating $549,235,028 in total proceeds.
Before that, Smart Charm Ltd bought 659,224 shares. Trip.com Group Ltd ADR shares valued at $34,978,425 were divested by the Member of immediate family of at a price of $53.06 per share.
HSBC Securities downgraded its Trip.com Group Ltd ADR [TCOM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Nomura’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. JP Morgan also remained covering TCOM and has increased its forecast on July 31, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. China Renaissance revised its rating on June 09, 2023. It rated TCOM as “a Buy” which previously was an “a Hold”.
Price Performance Review of TCOM
On Tuesday, Trip.com Group Ltd ADR [NASDAQ:TCOM] saw its stock fall -10.05% to $61.48. Over the last five days, the stock has lost -1.65%. Trip.com Group Ltd ADR shares have risen nearly 70.73% since the year began. Nevertheless, the stocks have risen 81.36% over the past one year. While a 52-week high of $69.67 was reached on 10/04/24, a 52-week low of $31.55 was recorded on 01/22/24. SMA at 50 days reached $48.17, while 200 days put it at $46.24.
Levels Of Support And Resistance For TCOM Stock
The 24-hour chart illustrates a support level at 60.52, which if violated will result in even more drops to 59.57. On the upside, there is a resistance level at 63.21. A further resistance level may holdings at 64.94. The Relative Strength Index (RSI) on the 14-day chart is 60.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.19%. Stochastics %K at 84.30% indicates the stock is a selling.
How much short interest is there in Trip.com Group Ltd ADR?
A steep rise in short interest was recorded in Trip.com Group Ltd ADR stocks on 2024-09-13, growing by 0.45 million shares to a total of 10.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.29 million shares. There was a rise of 4.16%, which implies that there is a positive sentiment for the stock.
