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. VNET Group Inc ADR shares valued at $118,376,239 were purchased by Blackstone Tactical Opportunit on Mar 17 ’25. At $11.38 per share, Blackstone Tactical Opportunit acquired 10,402,130 shares.
As published in a research note from Goldman on November 29, 2024, VNET Group Inc ADR [VNET] has been rated up from a Neutral to a Buy and the price target has been revised to $5 from $3.10. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of March 19, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for VNET.
Analyzing VNET Stock Performance
During the last five days, there has been a surge of approximately 14.35%. Over the course of the year, VNET Group Inc ADR shares have jumped approximately 14.35%. Shares of the company reached a 52-week high of $16.13 on 02/20/25 and a 52-week low of $4.61 on 01/02/25. A 50-day SMA is recorded $9.34, while a 200-day SMA reached $5.18.
Support And Resistance Levels for VNET Group Inc ADR (VNET)
According to the 24-hour chart, there is a support level at 5.24, which, if violated, would cause prices to drop to 5.06. In the upper region, resistance lies at 5.58. The next price resistance is at 5.74. RSI (Relative Strength Index) is 35.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 66.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
