KE Holdings Inc ADR’s recently made public that its Officer MYRIAD TALENT INVESTMENT LIMIT acquired Company’s shares for reported $8.18 million on Sep 30 ’24. In the deal valued at $16.35 per share,500,000 shares were bought.
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Then, BLOSSOM SOUTH LIMITED bought 500,000 shares, generating $8,465,000 in total proceeds.
Before that, IDEAL ELECT LIMITED bought 500,000 shares. KE Holdings Inc ADR shares valued at $6,615,000 were divested by the Officer at a price of $13.23 per share.
A number of analysts have revised their coverage, including New Street’s analysts, who began to cover the stock in early May with a ‘”a Buy”‘ rating. Daiwa Securities began covering BEKE with “Buy” recommendation on February 24, 2023. JP Morgan started covering the stock on January 30, 2023. It rated BEKE as “an Overweight”.
Price Performance Review of BEKE
On Tuesday, KE Holdings Inc ADR [NYSE:BEKE] saw its stock fall -6.10% to $20.95. Over the last five days, the stock has lost -5.88%. KE Holdings Inc ADR shares have risen nearly 29.24% since the year began. Nevertheless, the stocks have risen 32.01% over the past one year. While a 52-week high of $26.05 was reached on 10/04/24, a 52-week low of $12.44 was recorded on 03/08/24. SMA at 50 days reached $16.78, while 200 days put it at $15.27.
Levels Of Support And Resistance For BEKE Stock
The 24-hour chart illustrates a support level at 20.51, which if violated will result in even more drops to 20.06. On the upside, there is a resistance level at 21.77. A further resistance level may holdings at 22.58. The Relative Strength Index (RSI) on the 14-day chart is 55.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.42%. Stochastics %K at 52.94% indicates the stock is a holding.
How much short interest is there in KE Holdings Inc ADR?
A steep rise in short interest was recorded in KE Holdings Inc ADR stocks on 2024-09-30, dropping by -2.0 million shares to a total of 32.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 34.35 million shares. There was a decline of -6.2%, which implies that there is a negative sentiment for the stock.
