Trip.com Group Ltd ADR’s recent filing unveils that its Director Fan Min acquired Company’s shares for reported $13.28 million on Sep 26 ’24. In the deal valued at $51.08 per share,260,000 shares were bought.
Then, Fan Min bought 93,336 shares, generating $6,720,192 in total proceeds.
Before that, Xiong Xing bought 550,000 shares. Trip.com Group Ltd ADR shares valued at $35,843,500 were divested by the Director at a price of $65.17 per share.
Citigroup reiterated its Trip.com Group Ltd ADR [TCOM] rating to a Buy in a research note published on January 03, 2025; the price target was $78. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. Bernstein began covering TCOM with “an Outperform” recommendation on November 04, 2024. HSBC Securities revised its rating on October 08, 2024. It rated TCOM as “a Hold” which previously was an “a Buy”.
Price Performance Review of TCOM
On Tuesday, Trip.com Group Ltd ADR [NASDAQ:TCOM] saw its stock fall -0.52% to $65.00. Over the last five days, the stock has lost -5.26%. Trip.com Group Ltd ADR shares have fallen nearly -5.33% since the year began. Nevertheless, the stocks have risen 69.93% over the past one year. While a 52-week high of $77.18 was reached on 01/06/25, a 52-week low of $34.42 was recorded on 01/02/25. SMA at 50 days reached $67.29, while 200 days put it at $54.42.
Levels Of Support And Resistance For TCOM Stock
The 24-hour chart illustrates a support level at 64.63, which if violated will result in even more drops to 64.25. On the upside, there is a resistance level at 65.63. A further resistance level may holdings at 66.25. The Relative Strength Index (RSI) on the 14-day chart is 41.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.81%. Stochastics %K at 12.97% indicates the stock is a buying.
How much short interest is there in Trip.com Group Ltd ADR?
A steep rise in short interest was recorded in Trip.com Group Ltd ADR stocks on 2024-10-31, dropping by -1.59 million shares to a total of 13.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.55 million shares. There was a decline of -11.35%, which implies that there is a negative sentiment for the stock.
