Full Truck Alliance Co Ltd ADR’s filing revealed that its Affiliate All-Stars Investment Ltd acquired Company’s shares for reported $14.76 million on Nov 21 ’24. In the deal valued at $9.84 per share,1,500,000 shares were bought.
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JP Morgan downgraded its Full Truck Alliance Co Ltd ADR [YMM] rating to a Neutral from a an Overweight in a research note published on December 11, 2024; the price target was increased to $13 from $12. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. Barclays began covering YMM with “an Equal weight” recommendation on February 09, 2023. Jefferies started covering the stock on December 01, 2022. It rated YMM as “a Buy”.
Price Performance Review of YMM
On Friday, Full Truck Alliance Co Ltd ADR [NYSE:YMM] saw its stock fall -0.27% to $11.21. Over the last five days, the stock has gained 4.18%. Full Truck Alliance Co Ltd ADR shares have risen nearly 59.91% since the year began. Nevertheless, the stocks have risen 56.78% over the past one year. While a 52-week high of $12.47 was reached on 12/09/24, a 52-week low of $5.70 was recorded on 03/07/24. SMA at 50 days reached $9.49, while 200 days put it at $8.35.
Levels Of Support And Resistance For YMM Stock
The 24-hour chart illustrates a support level at 11.04, which if violated will result in even more drops to 10.88. On the upside, there is a resistance level at 11.37. A further resistance level may holdings at 11.54. The Relative Strength Index (RSI) on the 14-day chart is 64.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.13%. Stochastics %K at 64.77% indicates the stock is a holding.
How much short interest is there in Full Truck Alliance Co Ltd ADR?
A steep rise in short interest was recorded in Full Truck Alliance Co Ltd ADR stocks on 2024-10-31, growing by 2.93 million shares to a total of 35.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 32.58 million shares. There was a rise of 8.26%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 29, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $12 price target.
