BeiGene Ltd ADR’s recently made public 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 0.49% to $184.71. Over the last five days, the stock has gained 3.94%. BeiGene Ltd ADR shares have risen nearly 2.41% since the year began. Nevertheless, the stocks have risen 2.41% 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 $196.69, while 200 days put it at $178.71.
Levels Of Support And Resistance For BGNE Stock
The 24-hour chart illustrates a support level at 183.27, which if violated will result in even more drops to 181.84. On the upside, there is a resistance level at 186.78. A further resistance level may holdings at 188.86. The Relative Strength Index (RSI) on the 14-day chart is 46.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.60%. Stochastics %K at 53.00% indicates the stock is a holding.
How much short interest is there in BeiGene Ltd ADR?
A steep rise in short interest was recorded in BeiGene Ltd ADR stocks on 2024-12-13, growing by 0.38 million shares to a total of 1.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.0 million shares. There was a rise of 27.33%, 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.
