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Understanding the Risks of Investing in UP Fintech Holding Ltd ADR (TIGR)

UP Fintech Holding Ltd ADR’s recent filing unveils that its Key personnel Dong Ming acquired Company’s shares for reported $1.53 million on Nov 13 ’24. In the deal valued at $5.88 per share,260,000 shares were bought.

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Then, Fang Lei bought 200,000 shares, generating $916,000 in total proceeds.

China Renaissance upgraded its UP Fintech Holding Ltd ADR [TIGR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Sell”. Daiwa Securities also remained covering TIGR and has increased its forecast on September 05, 2023 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of TIGR

On Tuesday, UP Fintech Holding Ltd ADR [NASDAQ:TIGR] saw its stock fall -14.54% to $6.64. Over the last five days, the stock has gained 8.32%. UP Fintech Holding Ltd ADR shares have risen nearly 50.23% since the year began. Nevertheless, the stocks have risen 53.70% over the past one year. While a 52-week high of $14.48 was reached on 10/07/24, a 52-week low of $3.10 was recorded on 04/19/24. SMA at 50 days reached $6.82, while 200 days put it at $4.69.

Levels Of Support And Resistance For TIGR Stock

The 24-hour chart illustrates a support level at 6.46, which if violated will result in even more drops to 6.27. On the upside, there is a resistance level at 6.99. A further resistance level may holdings at 7.33. The Relative Strength Index (RSI) on the 14-day chart is 54.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.87%. Stochastics %K at 60.31% indicates the stock is a holding.

How much short interest is there in UP Fintech Holding Ltd ADR?

A steep rise in short interest was recorded in UP Fintech Holding Ltd ADR stocks on 2024-11-29, growing by 1.03 million shares to a total of 7.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.07 million shares. There was a rise of 14.49%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 18, 2022 when Daiwa Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $6.60 price target.

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