BeiGene Ltd ADR’s recent filing unveils that its Chair, Scientific Advisory Brd Wang Xiaodong unloaded Company’s shares for reported $7.81 million on Dec 10 ’24. In the deal valued at $186.90 per share,41,760 shares were sold. As a result of this transaction, Wang Xiaodong now holds 0 shares worth roughly $0.0.
Then, BAKER BROS. ADVISORS LP sold 1,037,017 shares, generating $194,200,043 in total proceeds. Upon selling the shares at $187.27, the Director now owns 791,493 shares.
Before that, XIAODONG WANG bought 41,760 shares. BeiGene Ltd ADR shares valued at $8,670,211 were divested by the Director at a price of $207.62 per share.
A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid September with a ‘”a Mkt outperform”‘ rating. Macquarie started covering the stock on September 12, 2023. It rated BGNE as “an Outperform”.
Price Performance Review of BGNE
On Tuesday, BeiGene Ltd ADR [NASDAQ:BGNE] saw its stock jump 2.21% to $181.62. Over the last five days, the stock has gained 1.43%. BeiGene Ltd ADR shares have risen nearly 0.70% since the year began. Nevertheless, the stocks have risen 3.13% over the past one year. While a 52-week high of $248.16 was reached on 10/04/24, a 52-week low of $126.97 was recorded on 04/19/24. SMA at 50 days reached $199.51, while 200 days put it at $178.43.
Levels Of Support And Resistance For BGNE Stock
The 24-hour chart illustrates a support level at 178.36, which if violated will result in even more drops to 175.10. On the upside, there is a resistance level at 183.60. A further resistance level may holdings at 185.59. The Relative Strength Index (RSI) on the 14-day chart is 42.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.43%. Stochastics %K at 19.04% indicates the stock is a buying.
How much short interest is there in BeiGene Ltd ADR?
A steep rise in short interest was recorded in BeiGene Ltd ADR stocks on 2024-11-29, growing by 0.24 million shares to a total of 1.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.09 million shares. There was a rise of 18.18%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 17, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $287 price target.
