Futu Holdings Ltd ADR’s filing revealed that its Shareholder Huang River Investment Limited acquired Company’s shares for reported $200.0 million on Sep 26 ’24. In the deal valued at $9.69 per share,20,645,160 shares were bought.
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Citigroup downgraded its Futu Holdings Ltd ADR [FUTU] rating to a Neutral from a a Buy in a research note published on November 19, 2024; the price target was increased to $95 from $79. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid November from “an Equal-weight” to “an Overweight”. JP Morgan also remained covering FUTU and has increased its forecast on May 28, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. CLSA revised its rating on March 18, 2024. It rated FUTU as “an Outperform” which previously was an “an Underperform”.
Price Performance Review of FUTU
On Tuesday, Futu Holdings Ltd ADR [NASDAQ:FUTU] saw its stock fall -6.07% to $86.70. Over the last five days, the stock has lost -6.79%. Futu Holdings Ltd ADR shares have risen nearly 58.70% since the year began. Nevertheless, the stocks have risen 45.54% over the past one year. While a 52-week high of $130.50 was reached on 10/07/24, a 52-week low of $43.61 was recorded on 01/22/24. SMA at 50 days reached $91.22, while 200 days put it at $69.58.
Levels Of Support And Resistance For FUTU Stock
The 24-hour chart illustrates a support level at 84.90, which if violated will result in even more drops to 83.09. On the upside, there is a resistance level at 90.19. A further resistance level may holdings at 93.67. The Relative Strength Index (RSI) on the 14-day chart is 43.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.53%. Stochastics %K at 9.70% indicates the stock is a buying.
How much short interest is there in Futu Holdings Ltd ADR?
A steep rise in short interest was recorded in Futu Holdings Ltd ADR stocks on 2024-10-31, dropping by -0.37 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.36 million shares. There was a decline of -7.51%, which implies that there is a negative sentiment for the stock.
