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The Attractiveness of Investing In Vipshop Holdings Ltd ADR (VIPS) is Growing

Vipshop Holdings Ltd ADR’s recent filing unveils that its Officer Feng Tao acquired Company’s shares for reported $1.67 million on Sep 20 ’24. In the deal valued at $12.84 per share,129,989 shares were bought.

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UBS downgraded its Vipshop Holdings Ltd ADR [VIPS] rating to a Neutral from a a Buy in a research note published on August 21, 2024; the price target was decreased to $12.50 from $20. A number of analysts have revised their coverage, including CLSA’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “a Hold”. The Benchmark Company also remained covering VIPS and has decreased its forecast on May 23, 2024 with a “Hold” recommendation from previously “Buy” rating. Citigroup maintained its rating on January 23, 2024. It rated VIPS as “a Buy”.

Price Performance Review of VIPS

On Tuesday, Vipshop Holdings Ltd ADR [NYSE:VIPS] saw its stock fall -0.14% to $14.00. Over the last five days, the stock has lost -8.50%. Vipshop Holdings Ltd ADR shares have fallen nearly -21.17% since the year began. Nevertheless, the stocks have fallen -4.44% over the past one year. While a 52-week high of $20.19 was reached on 02/28/24, a 52-week low of $11.50 was recorded on 08/20/24. SMA at 50 days reached $14.08, while 200 days put it at $15.36.

Levels Of Support And Resistance For VIPS Stock

The 24-hour chart illustrates a support level at 13.79, which if violated will result in even more drops to 13.58. On the upside, there is a resistance level at 14.31. A further resistance level may holdings at 14.62. The Relative Strength Index (RSI) on the 14-day chart is 38.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.09%. Stochastics %K at 1.66% indicates the stock is a buying.

How much short interest is there in Vipshop Holdings Ltd ADR?

A steep rise in short interest was recorded in Vipshop Holdings Ltd ADR stocks on 2024-09-30, growing by 4.51 million shares to a total of 12.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.87 million shares. There was a rise of 36.42%, which implies that there is a positive sentiment for the stock.

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