Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. KE Holdings Inc ADR shares valued at $9,680,000 were purchased by IDEAL ELECT LIMITED on Dec 09 ’24. At $19.36 per share, IDEAL ELECT LIMITED acquired 500,000 shares.
Also, BLOSSOM SOUTH LIMITED purchased 1,000,000 shares, netting a total of over 18,400,000 in proceeds.
Before that, MYRIAD TALENT INVESTMENT LIMIT had added 500,000 shares to its account. In a trade valued at $8,175,000, the Officer bought KE Holdings Inc ADR shares for $16.35 each.
As published in a research note from BofA Securities on October 30, 2024, KE Holdings Inc ADR [BEKE] has been rated up from a Neutral to a Buy and the price target has been revised to $28 from $24. As of May 09, 2023, New Street has initiated its “Buy” rating for BEKE. Earlier on February 24, 2023, Daiwa Securities initiated its rating. Their recommendation was “a Buy” for BEKE stock.
Analyzing BEKE Stock Performance
During the last five days, there has been a drop of approximately -0.54%. Over the course of the year, KE Holdings Inc ADR shares have dropped approximately -9.99%. Shares of the company reached a 52-week high of $18.41 on 01/02/25 and a 52-week low of $16.05 on 01/10/25. A 50-day SMA is recorded $18.70, while a 200-day SMA reached $17.09. Nevertheless, trading volume fell to 7.79 million shares from 3.75 million shares the previous day.
Support And Resistance Levels for KE Holdings Inc ADR (BEKE)
According to the 24-hour chart, there is a support level at 16.34, which, if violated, would cause prices to drop to 16.11. In the upper region, resistance lies at 16.76. The next price resistance is at 16.94. RSI (Relative Strength Index) is 33.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 77.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
