The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LexinFintech Holdings Ltd ADR shares valued at $38,966 were purchased by Long Annabelle Yu on Sep 13 ’24. At $1.74 per share, Long Annabelle Yu acquired 22,394 shares.
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As published in a research note from Citigroup on November 24, 2023, LexinFintech Holdings Ltd ADR [LX] has been rated down from a Buy to a Neutral. Analysts at CLSA upgraded the stock from ‘”an Outperform”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of March 14, 2023, Citigroup has increased its “Neutral” rating to a “Buy” for LX. Earlier on February 01, 2023, UBS upgraded its rating. Their new recommendation was “a Buy” for LX stock which previously was a “a Neutral”.
Analyzing LX Stock Performance
During the last five days, there has been a drop of approximately -18.93%. Over the course of the year, LexinFintech Holdings Ltd ADR shares have jumped approximately 72.28%. Shares of the company reached a 52-week high of $4.70 on 10/02/24 and a 52-week low of $1.56 on 04/17/24. A 50-day SMA is recorded $2.81, while a 200-day SMA reached $2.03. Nevertheless, trading volume fell to 1.83 million shares from 3.33 million shares the previous day.
Support And Resistance Levels for LexinFintech Holdings Ltd ADR (LX)
According to the 24-hour chart, there is a support level at 3.05, which, if violated, would cause prices to drop to 2.92. In the upper region, resistance lies at 3.26. The next price resistance is at 3.35. RSI (Relative Strength Index) is 49.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 83.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
