In a filing, JOYY Inc ADR revealed its Director Morningside China TMT Special acquired Company’s shares for reported $5.0 million on Sep 05 ’24. In the deal valued at $35.10 per share,142,466 shares were bought.
Then, Morningside China TMT Fund III bought 13,899 shares, generating $487,000 in total proceeds.
The Benchmark Company upgraded its JOYY Inc ADR [JOYY] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. The Benchmark Company also remained covering JOYY and has decreased its forecast on January 02, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on June 01, 2022. It rated JOYY as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of JOYY
On Tuesday, JOYY Inc ADR [NASDAQ:JOYY] saw its stock jump 0.86% to $42.37. Over the last five days, the stock has gained 2.29%. JOYY Inc ADR shares have risen nearly 1.24% since the year began. Nevertheless, the stocks have risen 25.28% over the past one year. While a 52-week high of $55.31 was reached on 02/25/25, a 52-week low of $27.88 was recorded on 04/09/25. SMA at 50 days reached $43.45, while 200 days put it at $39.17.
Levels Of Support And Resistance For JOYY Stock
The 24-hour chart illustrates a support level at 41.34, which if violated will result in even more drops to 40.30. On the upside, there is a resistance level at 43.09. A further resistance level may holdings at 43.80. The Relative Strength Index (RSI) on the 14-day chart is 54.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.15%. Stochastics %K at 92.56% indicates the stock is a selling.
