Kingsoft Cloud Holdings Ltd ADR’s recent filing unveils that its Director He Haijian acquired Company’s shares for reported $2.77 million on Dec 09 ’24. In the deal valued at $9.25 per share,300,000 shares were bought.
Then, Tian Kaiyan bought 3,200 shares, generating $20,896 in total proceeds.
Before that, Liu Tao bought 60,000 shares. Kingsoft Cloud Holdings Ltd ADR shares valued at $391,800 were divested by the Senior Vice President at a price of $6.53 per share.
UBS upgraded its Kingsoft Cloud Holdings Ltd ADR [KC] rating to a Buy from a a Neutral in a research note published on December 06, 2024; the price target was increased to $12.50 from $4.20. A number of analysts have revised their coverage, including Nomura’s analysts, who increased its forecast for the stock in late November from “a Neutral” to “a Buy”. CLSA also remained covering KC and has increased its forecast on March 21, 2024 with a “an Outperform” recommendation from previously “an Underperform” rating. Citigroup revised its rating on March 21, 2024. It rated KC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of KC
On Friday, Kingsoft Cloud Holdings Ltd ADR [NASDAQ:KC] saw its stock fall -5.35% to $12.57. Over the last five days, the stock has gained 16.50%. Kingsoft Cloud Holdings Ltd ADR shares have risen nearly 19.83% since the year began. Nevertheless, the stocks have risen 391.02% over the past one year. While a 52-week high of $13.38 was reached on 01/31/25, a 52-week low of $2.02 was recorded on 01/13/25. SMA at 50 days reached $9.23, while 200 days put it at $4.44.
Levels Of Support And Resistance For KC Stock
The 24-hour chart illustrates a support level at 12.11, which if violated will result in even more drops to 11.64. On the upside, there is a resistance level at 13.27. A further resistance level may holdings at 13.96. The Relative Strength Index (RSI) on the 14-day chart is 64.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.23%. Stochastics %K at 82.91% indicates the stock is a selling.
How much short interest is there in Kingsoft Cloud Holdings Ltd ADR?
A steep rise in short interest was recorded in Kingsoft Cloud Holdings Ltd ADR stocks on 2024-10-31, dropping by -1.61 million shares to a total of 5.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.48 million shares. There was a decline of -27.31%, which implies that there is a negative sentiment for the stock.
