XPeng Inc ADR’s recent filing unveils that its Affiliate GGV (XPENG) LTD acquired Company’s shares for reported $3.48 million on Sep 04 ’24. In the deal valued at $8.52 per share,408,506 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, GGV (XPENG) LTD bought 800,515 shares, generating $5,633,224 in total proceeds.
Before that, GGV (XPENG) LTD bought 5,700 shares. XPeng Inc ADR shares valued at $39,900 were divested by the Affiliate at a price of $7.00 per share.
JP Morgan upgraded its XPeng Inc ADR [XPEV] rating to an Overweight from a a Neutral in a research note published on September 05, 2024; the price target was increased to $11.50 from $8. A number of analysts have revised their coverage, including Macquarie’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “an Outperform”. Citigroup also remained covering XPEV and has increased its forecast on June 25, 2024 with a “Neutral” recommendation from previously “Sell” rating. Daiwa Securities revised its rating on May 23, 2024. It rated XPEV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of XPEV
On Tuesday, XPeng Inc ADR [NYSE:XPEV] saw its stock jump 6.13% to $12.81. Over the last five days, the stock has gained 10.43%. XPeng Inc ADR shares have fallen nearly -12.20% since the year began. Nevertheless, the stocks have fallen -25.26% over the past one year. While a 52-week high of $18.74 was reached on 01/02/24, a 52-week low of $6.55 was recorded on 04/22/24. SMA at 50 days reached $10.58, while 200 days put it at $8.80.
Levels Of Support And Resistance For XPEV Stock
The 24-hour chart illustrates a support level at 12.61, which if violated will result in even more drops to 12.41. On the upside, there is a resistance level at 12.99. A further resistance level may holdings at 13.17. The Relative Strength Index (RSI) on the 14-day chart is 61.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.51%. Stochastics %K at 76.99% indicates the stock is a holding.
How much short interest is there in XPeng Inc ADR?
A steep rise in short interest was recorded in XPeng Inc ADR stocks on 2024-10-15, dropping by -0.83 million shares to a total of 40.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 41.25 million shares. There was a decline of -2.04%, which implies that there is a negative sentiment for the stock.
