Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Qifu Technology Inc. ADR shares valued at $18,296,040 were purchased by Yan Zheng on Dec 03 ’24. At $37.88 per share, Yan Zheng acquired 483,000 shares.
Also, Holy Vanguard Ltd purchased 1,200,000 shares, netting a total of over 45,456,000 in proceeds.
Before that, Andrew Y Yan had added 800,000 shares to its account. In a trade valued at $21,192,000, the Director bought Qifu Technology Inc. ADR shares for $26.49 each.
As published in their initiating research note from Nomura on December 18, 2023, Qifu Technology Inc. ADR [QFIN] has been a Buy. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. Earlier on January 05, 2021, Jefferies initiated its rating. Their recommendation was “a Buy” for QFIN stock.
Analyzing QFIN Stock Performance
During the last five days, there has been a surge of approximately 0.71%. Over the course of the year, Qifu Technology Inc. ADR shares have jumped approximately 10.71%. Shares of the company reached a 52-week high of $43.20 on 01/30/25 and a 52-week low of $35.34 on 01/13/25. A 50-day SMA is recorded $38.17, while a 200-day SMA reached $27.80. Nevertheless, trading volume fell to 1.19 million shares from 1.03 million shares the previous day.
Support And Resistance Levels for Qifu Technology Inc. ADR (QFIN)
According to the 24-hour chart, there is a support level at 41.09, which, if violated, would cause prices to drop to 39.68. In the upper region, resistance lies at 43.21. The next price resistance is at 43.92. RSI (Relative Strength Index) is 62.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.92, which suggests the price will decrease in the coming days. Percent R is at 11.45%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
