Trip.com Group Ltd ADR’s filing revealed that its Director Xiong Xing acquired Company’s shares for reported $35.84 million on Nov 29 ’24. In the deal valued at $65.17 per share,550,000 shares were bought.
Then, Fan Min bought 96,664 shares, generating $6,064,699 in total proceeds.
Before that, GAN JP bought 31,423 shares. Trip.com Group Ltd ADR shares valued at $1,916,803 were divested by the Director at a price of $61.00 per share.
HSBC Securities upgraded its Trip.com Group Ltd ADR [TCOM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early November with a ‘”an Outperform”‘ rating. HSBC Securities also remained covering TCOM and has decreased its forecast on October 08, 2024 with a “Hold” recommendation from previously “Buy” rating. Nomura revised its rating on November 21, 2023. It rated TCOM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TCOM
On Tuesday, Trip.com Group Ltd ADR [NASDAQ:TCOM] saw its stock jump 4.26% to $68.03. Over the last five days, the stock has gained 5.42%. Trip.com Group Ltd ADR shares have risen nearly 88.92% since the year began. Nevertheless, the stocks have risen 99.27% over the past one year. While a 52-week high of $69.67 was reached on 10/04/24, a 52-week low of $32.42 was recorded on 01/22/24. SMA at 50 days reached $63.04, while 200 days put it at $51.36.
Levels Of Support And Resistance For TCOM Stock
The 24-hour chart illustrates a support level at 66.40, which if violated will result in even more drops to 64.77. On the upside, there is a resistance level at 69.13. A further resistance level may holdings at 70.23. The Relative Strength Index (RSI) on the 14-day chart is 61.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.97%. Stochastics %K at 86.07% indicates the stock is a selling.
How much short interest is there in Trip.com Group Ltd ADR?
A steep rise in short interest was recorded in Trip.com Group Ltd ADR stocks on 2024-10-31, dropping by -1.59 million shares to a total of 13.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.55 million shares. There was a decline of -11.35%, which implies that there is a negative sentiment for the stock.
