FinVolution Group ADR’s filing revealed that its Director Jun Zhang acquired Company’s shares for reported $1.38 million on Dec 05 ’24. In the deal valued at $6.90 per share,200,000 shares were bought.
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Then, Jun Zhang bought 500,000 shares, generating $2,625,000 in total proceeds.
Before that, Ho Simon Tak Leung bought 444,630 shares. FinVolution Group ADR shares valued at $2,574,407 were divested by the Officer at a price of $5.79 per share.
Nomura initiated its FinVolution Group ADR [FINV] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Citigroup also remained covering FINV and has decreased its forecast on March 15, 2023 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on February 01, 2023. It rated FINV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of FINV
On Friday, FinVolution Group ADR [NYSE:FINV] saw its stock fall -1.02% to $6.80. Over the last five days, the stock has lost -2.72%. FinVolution Group ADR shares have risen nearly 38.78% since the year began. Nevertheless, the stocks have risen 50.78% over the past one year. While a 52-week high of $7.29 was reached on 12/09/24, a 52-week low of $4.40 was recorded on 03/19/24. SMA at 50 days reached $6.32, while 200 days put it at $5.43.
Levels Of Support And Resistance For FINV Stock
The 24-hour chart illustrates a support level at 6.75, which if violated will result in even more drops to 6.69. On the upside, there is a resistance level at 6.86. A further resistance level may holdings at 6.92. The Relative Strength Index (RSI) on the 14-day chart is 57.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.98%. Stochastics %K at 59.65% indicates the stock is a holding.
How much short interest is there in FinVolution Group ADR?
A steep rise in short interest was recorded in FinVolution Group ADR stocks on 2024-10-31, dropping by -1.23 million shares to a total of 0.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.07 million shares. There was a decline of -146.6%, which implies that there is a negative sentiment for the stock.
