Notable Price Action: Leju Holdings Ltd (ADR) Can’t Burn Your Short Portfolio. Has Another Weak Session

Notable Price Action: Leju Holdings Ltd (ADR) Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Leju Holdings Ltd (ADR) (NYSE:LEJU) is a huge mover today! The stock decreased 8.24% or $0.44 on October 3, hitting $4.9. About 222,448 shares traded hands or 67.13% up from the average. Leju Holdings Ltd (ADR) (NYSE:LEJU) has risen 46.70% since February 29, 2016 and is uptrending. It has outperformed by 34.49% the S&P500.
The move comes after 8 months negative chart setup for the $786.41M company. It was reported on Oct, 4 by Barchart.com. We have $4.61 PT which if reached, will make NYSE:LEJU worth $47.18 million less.

Leju Holdings Ltd (ADR) (NYSE:LEJU) Ratings Coverage

Out of 5 analysts covering Leju Holdings (NYSE:LEJU), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Leju Holdings has been the topic of 5 analyst reports since August 27, 2015 according to StockzIntelligence Inc. On Wednesday, August 31 the stock rating was initiated by JP Morgan with “Neutral”. The company was downgraded on Friday, August 26 by CLSA. Bank of America downgraded the stock to “Neutral” rating in Tuesday, November 17 report. The firm has “Neutral” rating given on Thursday, November 19 by Macquarie Research.

According to Zacks Investment Research, “Leju Holdings Limited is an online-to-offline, or O2O, real estate services provider in China. It offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites and various mobile applications. The Company also operates various real estate and home furnishing websites. Leju Holdings Limited is headquartered in Beijing, the People’s Republic of China.”

Another recent and important Leju Holdings Ltd (ADR) (NYSE:LEJU) news was published by Seekingalpha.com which published an article titled: “IPO Preview: Leju Holdings Limited” on April 16, 2014.

LEJU Company Profile

Leju Holdings Limited, incorporated on November 20, 2013, is an online to offline (O2O), real estate services well-known provider in China. The Firm offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications. The Firm integrates its online platform with offline services to facilitate residential property transactions. In addition to its own Websites, the Company operates various real estate and home furnishing Websites of SINA Corporation (SINA). The Firm operates official accounts on various mobile platforms, including over 50,000 on Weibo and over 70,000 on Weixin.

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