Following these proceedings, BofA Securities downgraded its Lufax Holding Ltd ADR [LU] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late August from “a Neutral” to “a Sell”. Bernstein began covering LU with “an Outperform” recommendation on June 08, 2023. Macquarie revised its rating on May 16, 2023. It rated LU as “an Outperform” which previously was an “an Underperform”.
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Price Performance Review of LU
On Tuesday, Lufax Holding Ltd ADR [NYSE:LU] saw its stock fall -7.83% to $3.18. Over the last five days, the stock has lost -6.47%. Lufax Holding Ltd ADR shares have risen nearly 131.48% since the year began. Nevertheless, the stocks have risen 67.60% over the past one year. While a 52-week high of $4.15 was reached on 04/26/24, a 52-week low of $0.94 was recorded on 06/04/24. SMA at 50 days reached $2.74, while 200 days put it at $3.11.
Levels Of Support And Resistance For LU Stock
The 24-hour chart illustrates a support level at 3.13, which if violated will result in even more drops to 3.09. On the upside, there is a resistance level at 3.26. A further resistance level may holdings at 3.35. The Relative Strength Index (RSI) on the 14-day chart is 51.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.58%. Stochastics %K at 49.54% indicates the stock is a holding.
How much short interest is there in Lufax Holding Ltd ADR?
A steep rise in short interest was recorded in Lufax Holding Ltd ADR stocks on 2024-09-30, dropping by -4.18 million shares to a total of 6.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.14 million shares. There was a decline of -60.03%, which implies that there is a negative sentiment for the stock.
