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. KE Holdings Inc ADR shares valued at $9,680,000 were purchased by IDEAL ELECT LIMITED on Dec 09 ’24. At $19.36 per share, IDEAL ELECT LIMITED acquired 500,000 shares.
Also, BLOSSOM SOUTH LIMITED purchased 1,000,000 shares, netting a total of over 18,400,000 in proceeds.
Before that, MYRIAD TALENT INVESTMENT LIMIT had added 500,000 shares to its account. In a trade valued at $8,175,000, the Officer bought KE Holdings Inc ADR shares for $16.35 each.
As published in a research note from BofA Securities on October 30, 2024, KE Holdings Inc ADR [BEKE] has been rated up from a Neutral to a Buy and the price target has been revised to $28 from $24. As of May 09, 2023, New Street has initiated its “Buy” rating for BEKE. Earlier on February 24, 2023, Daiwa Securities initiated its rating. Their recommendation was “a Buy” for BEKE stock.
Analyzing BEKE Stock Performance
During the last five days, there has been a surge of approximately 13.25%. Over the course of the year, KE Holdings Inc ADR shares have jumped approximately 24.32%. Shares of the company reached a 52-week high of $23.43 on 02/26/25 and a 52-week low of $16.05 on 01/10/25. A 50-day SMA is recorded $18.41, while a 200-day SMA reached $17.63. Nevertheless, trading volume fell to 11.77 million shares from 19.32 million shares the previous day.
Support And Resistance Levels for KE Holdings Inc ADR (BEKE)
According to the 24-hour chart, there is a support level at 22.65, which, if violated, would cause prices to drop to 22.39. In the upper region, resistance lies at 23.21. The next price resistance is at 23.51. RSI (Relative Strength Index) is 73.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.91, which suggests the price will increase in the coming days. Percent R is at 9.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
