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.
BofA Securities upgraded its KE Holdings Inc ADR [BEKE] rating to a Buy from a a Neutral in a research note published on October 30, 2024; the price target was increased to $28 from $24. New Street began covering BEKE with “Buy” recommendation on May 09, 2023. Daiwa Securities started covering the stock on February 24, 2023. It rated BEKE as “a Buy”.
Price Performance Review of BEKE
On Tuesday, KE Holdings Inc ADR [NYSE:BEKE] saw its stock jump 1.94% to $22.60. Over the last five days, the stock has gained 1.99%. KE Holdings Inc ADR shares have risen nearly 39.42% since the year began. Nevertheless, the stocks have risen 48.10% 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 $18.82, while 200 days put it at $15.77.
Levels Of Support And Resistance For BEKE Stock
The 24-hour chart illustrates a support level at 22.30, which if violated will result in even more drops to 22.01. On the upside, there is a resistance level at 22.82. A further resistance level may holdings at 23.05. The Relative Strength Index (RSI) on the 14-day chart is 60.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.71%. Stochastics %K at 78.88% 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 2024-10-15, growing by 1.95 million shares to a total of 31.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 29.91 million shares. There was a rise of 6.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating .
