Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Futu Holdings Ltd ADR shares valued at $12,016,777 were purchased by XU LI on Dec 09 ’24. At $83.27 per share, XU LI acquired 144,311 shares.
Also, Huang River Investment Limited purchased 20,645,160 shares, netting a total of over 200,000,000 in proceeds.
As published in a research note from Citigroup on November 19, 2024, Futu Holdings Ltd ADR [FUTU] has been rated down from a Buy to a Neutral and the price target has been revised to $95 from $79. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid November. As of May 28, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for FUTU. Earlier on March 18, 2024, CLSA upgraded its rating. Their new recommendation was “an Outperform” for FUTU stock which previously was a “an Underperform”.
Analyzing FUTU Stock Performance
During the last five days, there has been a surge of approximately 23.05%. Over the course of the year, Futu Holdings Ltd ADR shares have jumped approximately 44.78%. Shares of the company reached a 52-week high of $117.36 on 02/12/25 and a 52-week low of $73.40 on 01/13/25. A 50-day SMA is recorded $88.63, while a 200-day SMA reached $78.90. Nevertheless, trading volume fell to 4.52 million shares from 3.31 million shares the previous day.
Support And Resistance Levels for Futu Holdings Ltd ADR (FUTU)
According to the 24-hour chart, there is a support level at 111.25, which, if violated, would cause prices to drop to 106.70. In the upper region, resistance lies at 118.86. The next price resistance is at 121.92. RSI (Relative Strength Index) is 70.50 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.58, which suggests the price will increase in the coming days. Percent R is at 5.94%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
