Bilibili Inc ADR’s recently made public that its Affiliate Vanship Limited acquired Company’s shares for reported $9.66 million on Dec 03 ’24. In the deal valued at $18.39 per share,525,525 shares were bought.
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Then, Saber Lily Limited bought 908,300 shares, generating $16,703,637 in total proceeds.
Daiwa Securities upgraded its Bilibili Inc ADR [BILI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Neutral”. Goldman also remained covering BILI and has increased its forecast on September 26, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of BILI
On Tuesday, Bilibili Inc ADR [NASDAQ:BILI] saw its stock fall -11.20% to $20.61. Over the last five days, the stock has gained 7.18%. Bilibili Inc ADR shares have risen nearly 69.35% since the year began. Nevertheless, the stocks have risen 72.76% over the past one year. While a 52-week high of $31.77 was reached on 10/02/24, a 52-week low of $8.80 was recorded on 01/22/24. SMA at 50 days reached $21.36, while 200 days put it at $15.97.
Levels Of Support And Resistance For BILI Stock
The 24-hour chart illustrates a support level at 20.27, which if violated will result in even more drops to 19.93. On the upside, there is a resistance level at 21.19. A further resistance level may holdings at 21.77. The Relative Strength Index (RSI) on the 14-day chart is 52.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 53.30%. Stochastics %K at 64.25% indicates the stock is a holding.
How much short interest is there in Bilibili Inc ADR?
A steep rise in short interest was recorded in Bilibili Inc ADR stocks on 2024-10-31, dropping by -1.09 million shares to a total of 17.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.99 million shares. There was a decline of -6.11%, which implies that there is a negative sentiment for the stock.
