Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Full Truck Alliance Co Ltd ADR shares valued at $14,760,000 were purchased by All-Stars Investment Ltd on Nov 21 ’24. At $9.84 per share, All-Stars Investment Ltd acquired 1,500,000 shares.
As published in a research note from JP Morgan on December 11, 2024, Full Truck Alliance Co Ltd ADR [YMM] has been rated down from an Overweight to a Neutral and the price target has been revised to $13 from $12. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in early July. As of February 09, 2023, Barclays has initiated its “an Equal weight” rating for YMM. Earlier on December 01, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for YMM stock.
Analyzing YMM Stock Performance
During the last five days, there has been a surge of approximately 3.37%. Over the course of the year, Full Truck Alliance Co Ltd ADR shares have jumped approximately 7.76%. Shares of the company reached a 52-week high of $11.81 on 01/30/25 and a 52-week low of $10.09 on 01/10/25. A 50-day SMA is recorded $10.70, while a 200-day SMA reached $8.92. Nevertheless, trading volume fell to 8.39 million shares from 3.69 million shares the previous day.
Support And Resistance Levels for Full Truck Alliance Co Ltd ADR (YMM)
According to the 24-hour chart, there is a support level at 11.46, which, if violated, would cause prices to drop to 11.25. In the upper region, resistance lies at 11.84. The next price resistance is at 12.01. RSI (Relative Strength Index) is 64.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 8.72%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
