In a filing, NetEase Inc ADR revealed its Officer Leung Michael Man Kit acquired Company’s shares for reported $0.85 million on Nov 18 ’24. In the deal valued at $84.49 per share,10,015 shares were bought.
Morgan Stanley upgraded its NetEase Inc ADR [NTES] rating to an Overweight from a an Equal-weight in a research note published on January 08, 2025; the price target was increased to $108 from $90. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid June with a ‘”an Equal weight”‘ rating. Morgan Stanley also remained covering NTES and has decreased its forecast on May 23, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley maintained its rating on April 12, 2024. It rated NTES as “an Overweight”.
Price Performance Review of NTES
On Friday, NetEase Inc ADR [NASDAQ:NTES] saw its stock jump 0.45% to $99.76. Over the last five days, the stock has gained 9.49%. NetEase Inc ADR shares have risen nearly 11.83% since the year began. Nevertheless, the stocks have risen 12.89% over the past one year. While a 52-week high of $114.50 was reached on 01/15/25, a 52-week low of $75.85 was recorded on 01/02/25. SMA at 50 days reached $89.58, while 200 days put it at $90.11.
Levels Of Support And Resistance For NTES Stock
The 24-hour chart illustrates a support level at 98.31, which if violated will result in even more drops to 96.86. On the upside, there is a resistance level at 100.54. A further resistance level may holdings at 101.31. The Relative Strength Index (RSI) on the 14-day chart is 63.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.42%. Stochastics %K at 77.80% indicates the stock is a holding.
How much short interest is there in NetEase Inc ADR?
A steep rise in short interest was recorded in NetEase Inc ADR stocks on 2024-10-31, growing by 1.01 million shares to a total of 4.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.82 million shares. There was a rise of 20.92%, which implies that there is a positive sentiment for the stock.
