The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LexinFintech Holdings Ltd ADR shares valued at $236,800 were purchased by Wang Neng on Dec 10 ’24. At $5.92 per share, Wang Neng acquired 40,000 shares.
Also, WU Wei purchased 29,000 shares, netting a total of over 160,950 in proceeds.
Before that, Long Annabelle Yu had added 22,394 shares to its account. In a trade valued at $38,966, the Director bought LexinFintech Holdings Ltd ADR shares for $1.74 each.
As published in a research note from Citigroup on November 26, 2024, LexinFintech Holdings Ltd ADR [LX] has been rated up from a Neutral to a Buy. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of March 16, 2023, CLSA has increased its “an Outperform” rating to a “Buy” for LX. Earlier on March 14, 2023, Citigroup upgraded its rating. Their new recommendation was “a Buy” for LX stock which previously was a “a Neutral”.
Analyzing LX Stock Performance
During the last five days, there has been a drop of approximately -1.44%. Over the course of the year, LexinFintech Holdings Ltd ADR shares have jumped approximately 41.38%. Shares of the company reached a 52-week high of $8.50 on 01/31/25 and a 52-week low of $5.56 on 01/07/25. A 50-day SMA is recorded $6.17, while a 200-day SMA reached $3.16. Nevertheless, trading volume fell to 3.07 million shares from 2.11 million shares the previous day.
Support And Resistance Levels for LexinFintech Holdings Ltd ADR (LX)
According to the 24-hour chart, there is a support level at 8.01, which, if violated, would cause prices to drop to 7.83. In the upper region, resistance lies at 8.32. The next price resistance is at 8.45. RSI (Relative Strength Index) is 69.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.53, which suggests the price will decrease in the coming days. Percent R is at 13.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
