VNET Group Inc ADR’s recent filing unveils that its Affiliate Blackstone Tactical Opportunit acquired Company’s shares for reported $118.38 million on Mar 17 ’25. In the deal valued at $11.38 per share,10,402,130 shares were bought.
Goldman upgraded its VNET Group Inc ADR [VNET] rating to a Buy from a a Neutral in a research note published on November 29, 2024; the price target was increased to $5 from $3.10. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. BofA Securities also remained covering VNET and has increased its forecast on March 19, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of VNET
On Monday, VNET Group Inc ADR [NASDAQ:VNET] saw its stock fall -1.69% to $6.96. Over the last five days, the stock has gained 27.94%. VNET Group Inc ADR shares have risen nearly 46.84% since the year began. Nevertheless, the stocks have risen 300.00% over the past one year. While a 52-week high of $16.13 was reached on 02/20/25, a 52-week low of $1.71 was recorded on 01/02/25. SMA at 50 days reached $8.42, while 200 days put it at $5.32.
Levels Of Support And Resistance For VNET Stock
The 24-hour chart illustrates a support level at 6.78, which if violated will result in even more drops to 6.60. On the upside, there is a resistance level at 7.13. A further resistance level may holdings at 7.30. The Relative Strength Index (RSI) on the 14-day chart is 54.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.48%. Stochastics %K at 86.87% indicates the stock is a selling.
