XPeng Inc ADR’s recent filing unveils that its Affiliate GGV (XPENG) LTD acquired Company’s shares for reported $3.48 million on Sep 04 ’24. In the deal valued at $8.52 per share,408,506 shares were bought.
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Then, GGV (XPENG) LTD bought 800,515 shares, generating $5,633,224 in total proceeds.
Before that, GGV (XPENG) LTD bought 5,700 shares. XPeng Inc ADR shares valued at $39,900 were divested by the Affiliate at a price of $7.00 per share.
UBS downgraded its XPeng Inc ADR [XPEV] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including China Renaissance’s analysts, who increased its forecast for the stock in late November from “a Hold” to “a Buy”. Goldman also remained covering XPEV and has decreased its forecast on November 21, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on September 05, 2024. It rated XPEV as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of XPEV
On Tuesday, XPeng Inc ADR [NYSE:XPEV] saw its stock fall -6.94% to $13.15. Over the last five days, the stock has gained 3.62%. XPeng Inc ADR shares have fallen nearly -9.87% since the year began. Nevertheless, the stocks have fallen -13.20% over the past one year. While a 52-week high of $16.28 was reached on 11/11/24, a 52-week low of $6.55 was recorded on 04/22/24. SMA at 50 days reached $12.30, while 200 days put it at $9.28.
Levels Of Support And Resistance For XPEV Stock
The 24-hour chart illustrates a support level at 12.94, which if violated will result in even more drops to 12.73. On the upside, there is a resistance level at 13.46. A further resistance level may holdings at 13.76. The Relative Strength Index (RSI) on the 14-day chart is 54.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.02%. Stochastics %K at 66.49% indicates the stock is a holding.
How much short interest is there in XPeng Inc ADR?
A steep rise in short interest was recorded in XPeng Inc ADR stocks on 2024-10-31, dropping by -2.78 million shares to a total of 35.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 38.69 million shares. There was a decline of -7.73%, which implies that there is a negative sentiment for the stock.
