Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kingsoft Cloud Holdings Ltd ADR shares valued at $2,775,000 were purchased by He Haijian on Dec 09 ’24. At $9.25 per share, He Haijian acquired 300,000 shares.
Also, Tian Kaiyan purchased 3,200 shares, netting a total of over 20,896 in proceeds.
Before that, Liu Tao had added 60,000 shares to its account. In a trade valued at $391,800, the Senior Vice President bought Kingsoft Cloud Holdings Ltd ADR shares for $6.53 each.
As published in a research note from UBS on December 06, 2024, Kingsoft Cloud Holdings Ltd ADR [KC] has been rated up from a Neutral to a Buy and the price target has been revised to $12.50 from $4.20. Analysts at Nomura upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of March 21, 2024, CLSA has increased its “an Underperform” rating to a “an Outperform” for KC. Earlier on March 21, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for KC stock which previously was a “a Neutral”.
Analyzing KC Stock Performance
During the last five days, there has been a surge of approximately 32.96%. Over the course of the year, Kingsoft Cloud Holdings Ltd ADR shares have jumped approximately 48.81%. Shares of the company reached a 52-week high of $17.34 on 02/05/25 and a 52-week low of $9.12 on 01/13/25. A 50-day SMA is recorded $9.84, while a 200-day SMA reached $4.63. Nevertheless, trading volume fell to 7.92 million shares from 6.25 million shares the previous day.
Support And Resistance Levels for Kingsoft Cloud Holdings Ltd ADR (KC)
According to the 24-hour chart, there is a support level at 14.61, which, if violated, would cause prices to drop to 13.60. In the upper region, resistance lies at 16.98. The next price resistance is at 18.34. RSI (Relative Strength Index) is 75.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.47, which suggests the price will increase in the coming days. Percent R is at 21.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
