Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BeiGene Ltd ADR shares valued at $1,500,135 were purchased by XINSHENG LIAO TTEE XIAODONG WA on Nov 26 ’24. At $190.30 per share, XINSHENG LIAO TTEE XIAODONG WA acquired 7,883 shares.
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Also, XIAODONG WANG purchased 40,468 shares, netting a total of over 7,701,060 in proceeds.
Before that, PAN-OYLER FOUNDATION had added 1,969 shares to its account. In a trade valued at $375,114, the Director bought BeiGene Ltd ADR shares for $190.51 each.
As published in their initiating research note from JMP Securities on September 18, 2024, BeiGene Ltd ADR [BGNE] has been a Mkt outperform and the price target has been revised to $288. As of September 12, 2023, Macquarie has initiated its “an Outperform” rating for BGNE. Earlier on August 17, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for BGNE stock.
Analyzing BGNE Stock Performance
During the last five days, there has been a surge of approximately 6.13%. Over the course of the year, BeiGene Ltd ADR shares have jumped approximately 14.30%. Shares of the company reached a 52-week high of $248.16 on 10/04/24 and a 52-week low of $126.97 on 04/19/24. A 50-day SMA is recorded $212.01, while a 200-day SMA reached $175.71. Nevertheless, trading volume fell to 0.34 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for BeiGene Ltd ADR (BGNE)
According to the 24-hour chart, there is a support level at 201.25, which, if violated, would cause prices to drop to 196.35. In the upper region, resistance lies at 210.84. The next price resistance is at 215.53. RSI (Relative Strength Index) is 55.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 17.07%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
