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Atour Lifestyle Holdings Ltd ADR [ATAT] Investment Appeal on the Rise

In a filing, Atour Lifestyle Holdings Ltd ADR revealed its Officer & Director Jianfeng Wu acquired Company’s shares for reported $1.78 million on Aug 30 ’24. In the deal valued at $17.80 per share,100,000 shares were bought.

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Macquarie initiated its Atour Lifestyle Holdings Ltd ADR [ATAT] rating to an Outperform in a research note published on April 22, 2024; the price target was $26. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Daiwa Securities began covering ATAT with “Buy” recommendation on July 21, 2023. Citigroup started covering the stock on March 17, 2023. It rated ATAT as “a Buy”.

Price Performance Review of ATAT

On Tuesday, Atour Lifestyle Holdings Ltd ADR [NASDAQ:ATAT] saw its stock jump 0.15% to $26.96. Over the last five days, the stock has lost -0.04%. Atour Lifestyle Holdings Ltd ADR shares have risen nearly 55.30% since the year began. Nevertheless, the stocks have risen 48.29% over the past one year. While a 52-week high of $29.15 was reached on 10/07/24, a 52-week low of $15.06 was recorded on 08/05/24. SMA at 50 days reached $22.08, while 200 days put it at $19.09.

Levels Of Support And Resistance For ATAT Stock

The 24-hour chart illustrates a support level at 26.41, which if violated will result in even more drops to 25.87. On the upside, there is a resistance level at 27.96. A further resistance level may holdings at 28.97. The Relative Strength Index (RSI) on the 14-day chart is 62.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.21%. Stochastics %K at 39.35% indicates the stock is a holding.

How much short interest is there in Atour Lifestyle Holdings Ltd ADR?

A steep rise in short interest was recorded in Atour Lifestyle Holdings Ltd ADR stocks on 2024-09-30, growing by 0.43 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.76 million shares. There was a rise of 13.5%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 07, 2022 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $22 price target.

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