Qifu Technology Inc. ADR’s recently made public that its Director Andrew Y Yan acquired Company’s shares for reported $21.19 million on Sep 05 ’24. In the deal valued at $26.49 per share,800,000 shares were bought.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Zhiqiang He bought 196,853 shares, generating $5,098,493 in total proceeds.
Before that, Yan Zheng bought 250,000 shares. Qifu Technology Inc. ADR shares valued at $6,210,000 were divested by the Officer at a price of $24.84 per share.
Nomura initiated its Qifu Technology Inc. ADR [QFIN] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Jefferies started covering the stock on January 05, 2021. It rated QFIN as “a Buy”.
Price Performance Review of QFIN
On Tuesday, Qifu Technology Inc. ADR [NASDAQ:QFIN] saw its stock jump 3.03% to $34.31. Over the last five days, the stock has gained 9.62%. Qifu Technology Inc. ADR shares have risen nearly 116.88% since the year began. Nevertheless, the stocks have risen 146.66% over the past one year. While a 52-week high of $34.92 was reached on 10/18/24, a 52-week low of $13.71 was recorded on 02/05/24. SMA at 50 days reached $27.72, while 200 days put it at $20.55.
Levels Of Support And Resistance For QFIN Stock
The 24-hour chart illustrates a support level at 33.62, which if violated will result in even more drops to 32.94. On the upside, there is a resistance level at 34.79. A further resistance level may holdings at 35.28. The Relative Strength Index (RSI) on the 14-day chart is 67.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.42%. Stochastics %K at 74.90% indicates the stock is a holding.
How much short interest is there in Qifu Technology Inc. ADR?
A steep rise in short interest was recorded in Qifu Technology Inc. ADR stocks on 2024-09-30, dropping by -1.09 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.09 million shares. There was a decline of -54.39%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 16, 2020 when CLSA began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
