Price Action Report: What’s Propelling Noah Holdings Limited (ADR) to Decline So Much?

Price Action Report: What's Propelling Noah Holdings Limited (ADR) to Decline So Much?

The stock of Noah Holdings Limited (ADR) (NYSE:NOAH) is a huge mover today! The stock decreased 4.33% or $1.09 on November 15, hitting $24.1. About 209,161 shares traded hands or 44.79% up from the average. Noah Holdings Limited (ADR) (NYSE:NOAH) has declined 6.27% since April 13, 2016 and is downtrending. It has underperformed by 10.19% the S&P500.
The move comes after 7 months negative chart setup for the $1.36 billion company. It was reported on Nov, 15 by Barchart.com. We have $22.41 PT which if reached, will make NYSE:NOAH worth $95.20 million less.

Analysts await Noah Holdings Limited (ADR) (NYSE:NOAH) to report earnings on November, 21.

According to Zacks Investment Research, “Noah Holdings Ltd through its subsidiaries is engaged in providing independent services primarily comprising of distribution of wealth management products to the high net worth population in China. It distributes over-the-counter wealth management products originated in China which mainly includes fixed income products, private equity funds and securities investment funds. The Company also delivers to its clients a continuum of value-added services including financial planning, product analysis and recommendation, product and market updates and investor education. Noah Holdings Ltd is headquartered in Shenzhen, the Peoples’ Republic of China.”

More notable recent Noah Holdings Limited (ADR) (NYSE:NOAH) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also Barrons.com with their article: “Noah Holdings Shares Can Rise 35% in Coming Year” published on August 05, 2015, Investorplace.com published: “10 Capital Markets Stocks to Sell Now” on November 09, 2016. More interesting news about Noah Holdings Limited (ADR) (NYSE:NOAH) were released by: Investorplace.com and their article: “5 Capital Markets Stocks to Sell Now” published on October 19, 2016 as well as Prnewswire.com‘s news article titled: “Noah Education Holdings Ltd. Announces Completion of Merger” with publication date: July 30, 2014.

NOAH Company Profile

Noah Holdings Limited, incorporated on June 29, 2007, is a wealth management service well-known provider with a focus on global wealth investment and asset allocation services for high net worth individuals and enterprises in China. The Firm operates through three divisions: wealth management, asset management and Internet finance. It also provides Internet finance services to clients in China. It provides direct access to China’s high net worth population. With approximately 1,100 relationship managers in over 130 branch offices, its coverage network includes China’s regions where high net worth population is concentrated, including the Yangtze River Delta, the Pearl River Delta, the Bohai Rim and other regions.

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