In a filing, Lufax Holding Ltd ADR revealed its An affiliate in last 90 days Tun Kung Company Limited acquired Company’s shares for reported $46.0 million on Dec 17 ’24. In the deal valued at $2.60 per share,17,690,620 shares were bought.
Deutsche Bank downgraded its Lufax Holding Ltd ADR [LU] rating to a Sell from a a Hold in a research note published recently. BofA Securities also remained covering LU and has decreased its forecast on January 25, 2024 with a “Neutral” recommendation from previously “Buy” rating. UBS revised its rating on August 24, 2023. It rated LU as “a Sell” which previously was an “a Neutral”.
Price Performance Review of LU
On Monday, Lufax Holding Ltd ADR [NYSE:LU] saw its stock jump 2.07% to $2.96. Over the last five days, the stock has gained 0.34%. Lufax Holding Ltd ADR shares have risen nearly 23.85% since the year began. Nevertheless, the stocks have risen 50.33% over the past one year. While a 52-week high of $4.15 was reached on 03/17/25, a 52-week low of $1.89 was recorded on 01/28/25. SMA at 50 days reached $2.89, while 200 days put it at $2.71.
Levels Of Support And Resistance For LU Stock
The 24-hour chart illustrates a support level at 2.85, which if violated will result in even more drops to 2.73. On the upside, there is a resistance level at 3.03. A further resistance level may holdings at 3.09. The Relative Strength Index (RSI) on the 14-day chart is 56.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.35%. Stochastics %K at 69.41% indicates the stock is a holding.
The most recent change occurred on June 08, 2023 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $2.50 price target.
