In a filing, KE Holdings Inc ADR revealed its Officer BLOSSOM SOUTH LIMITED acquired Company’s shares for reported $18.4 million on Nov 25 ’24. In the deal valued at $18.40 per share,1,000,000 shares were bought.
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Then, MYRIAD TALENT INVESTMENT LIMIT bought 500,000 shares, generating $8,175,000 in total proceeds.
Before that, BLOSSOM SOUTH LIMITED bought 500,000 shares. KE Holdings Inc ADR shares valued at $8,465,000 were divested by the Officer at a price of $16.93 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 1.74% to $18.72. Over the last five days, the stock has lost -9.26%. KE Holdings Inc ADR shares have risen nearly 15.48% since the year began. Nevertheless, the stocks have risen 18.56% 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 $20.66, while 200 days put it at $16.26.
Levels Of Support And Resistance For BEKE Stock
The 24-hour chart illustrates a support level at 18.23, which if violated will result in even more drops to 17.73. On the upside, there is a resistance level at 19.00. A further resistance level may holdings at 19.27. The Relative Strength Index (RSI) on the 14-day chart is 39.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.18%. Stochastics %K at 6.92% indicates the stock is a buying.
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 2024-10-31, growing by 0.74 million shares to a total of 33.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 32.35 million shares. There was a rise of 2.23%, 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 .
