Trip.com Group Ltd ADR’s recently made public that its Director GAN JP acquired Company’s shares for reported $1.92 million on Oct 15 ’24. In the deal valued at $61.00 per share,31,423 shares were bought.
Then, Wang Xiaofan bought 500,000 shares, generating $26,530,000 in total proceeds.
Before that, Baidu Holdings Ltd bought 10,525,696 shares. Trip.com Group Ltd ADR shares valued at $549,235,028 were divested by the Affiliate at a price of $52.18 per share.
Bernstein initiated its Trip.com Group Ltd ADR [TCOM] rating to an Outperform in a research note published on November 04, 2024; the price target was $85. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Hold”. Nomura also remained covering TCOM and has decreased its forecast on November 21, 2023 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on July 31, 2023. It rated TCOM as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of TCOM
On Tuesday, Trip.com Group Ltd ADR [NASDAQ:TCOM] saw its stock jump 1.75% to $68.42. Over the last five days, the stock has gained 5.44%. Trip.com Group Ltd ADR shares have risen nearly 90.00% since the year began. Nevertheless, the stocks have risen 103.75% over the past one year. While a 52-week high of $69.67 was reached on 10/04/24, a 52-week low of $31.55 was recorded on 01/22/24. SMA at 50 days reached $56.59, while 200 days put it at $48.91.
Levels Of Support And Resistance For TCOM Stock
The 24-hour chart illustrates a support level at 67.39, which if violated will result in even more drops to 66.36. On the upside, there is a resistance level at 69.02. A further resistance level may holdings at 69.62. The Relative Strength Index (RSI) on the 14-day chart is 67.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.58%. Stochastics %K at 88.73% indicates the stock is a selling.
How much short interest is there in Trip.com Group Ltd ADR?
A steep rise in short interest was recorded in Trip.com Group Ltd ADR stocks on 2024-10-15, growing by 2.9 million shares to a total of 13.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.74 million shares. There was a rise of 21.27%, which implies that there is a positive sentiment for the stock.
