Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. iQIYI Inc ADR shares valued at $68,250 were purchased by Wang Xiaohui on Nov 25 ’24. At $1.95 per share, Wang Xiaohui acquired 35,000 shares.
As published in a research note from HSBC Securities on January 16, 2025, iQIYI Inc ADR [IQ] has been rated up from a Reduce to a Hold and the price target has been revised to $2.15. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of August 23, 2024, The Benchmark Company has decreased its “Buy” rating to a “Hold” for IQ. Earlier on July 23, 2024, HSBC Securities downgraded its rating. Their new recommendation was “a Reduce” for IQ stock which previously was a “a Hold”.
Analyzing IQ Stock Performance
During the last five days, there has been a drop of approximately -0.46%. Over the course of the year, iQIYI Inc ADR shares have jumped approximately 7.96%. Shares of the company reached a 52-week high of $2.73 on 02/14/25 and a 52-week low of $1.82 on 01/14/25. A 50-day SMA is recorded $2.13, while a 200-day SMA reached $2.85. Nevertheless, trading volume fell to 34.34 million shares from 20.68 million shares the previous day.
Support And Resistance Levels for iQIYI Inc ADR (IQ)
According to the 24-hour chart, there is a support level at 2.10, which, if violated, would cause prices to drop to 2.03. In the upper region, resistance lies at 2.22. The next price resistance is at 2.27. RSI (Relative Strength Index) is 47.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 81.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
