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Keeping an Eye on Vipshop Holdings Ltd ADR (VIPS) After Insider Trading Activity

In a filing, Vipshop Holdings Ltd ADR revealed its Officer Feng Tao acquired Company’s shares for reported $1.67 million on Sep 20 ’24. In the deal valued at $12.84 per share,129,989 shares were bought.

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Barclays initiated its Vipshop Holdings Ltd ADR [VIPS] rating to an Overweight in a research note published on November 06, 2024; the price target was $19. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Neutral”. CLSA also remained covering VIPS and has decreased its forecast on August 21, 2024 with a “Hold” recommendation from previously “an Outperform” rating. The Benchmark Company revised its rating on May 23, 2024. It rated VIPS as “a Hold” which previously was an “a Buy”.

Price Performance Review of VIPS

On Tuesday, Vipshop Holdings Ltd ADR [NYSE:VIPS] saw its stock jump 0.87% to $13.86. Over the last five days, the stock has gained 2.36%. Vipshop Holdings Ltd ADR shares have fallen nearly -21.96% since the year began. Nevertheless, the stocks have fallen -11.49% over the past one year. While a 52-week high of $20.19 was reached on 02/28/24, a 52-week low of $11.50 was recorded on 08/20/24. SMA at 50 days reached $14.73, while 200 days put it at $15.03.

Levels Of Support And Resistance For VIPS Stock

The 24-hour chart illustrates a support level at 13.63, which if violated will result in even more drops to 13.41. On the upside, there is a resistance level at 14.14. A further resistance level may holdings at 14.43. The Relative Strength Index (RSI) on the 14-day chart is 48.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.84%. Stochastics %K at 71.49% indicates the stock is a holding.

How much short interest is there in Vipshop Holdings Ltd ADR?

A steep rise in short interest was recorded in Vipshop Holdings Ltd ADR stocks on 2024-10-31, dropping by -2.7 million shares to a total of 9.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.38 million shares. There was a decline of -27.87%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 23, 2024 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $21.

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