Price Action To Observe: How Analysts Feel About Yirendai Ltd – ADR After Today’s Huge Increase?

Price Action To Observe: How Analysts Feel About Yirendai Ltd   ADR After Today's Huge Increase?

The stock of Yirendai Ltd – ADR (NYSE:YRD) is a huge mover today! About 235,554 shares traded hands. Yirendai Ltd – ADR (NYSE:YRD) has risen 161.52% since April 18, 2016 and is uptrending. It has outperformed by 157.09% the S&P500.
The move comes after 6 months positive chart setup for the $1.68B company. It was reported on Nov, 18 by Barchart.com. We have $37.14 PT which if reached, will make NYSE:YRD worth $436.80 million more.

According to Zacks Investment Research, “Yirendai Ltd. is involved in the online consumer finance business. Yirendai Ltd. is based in Beijing, China.”

More news for Yirendai Ltd – ADR (NYSE:YRD) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on November 19, 2015. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on December 12, 2015 is yet another important article.

YRD Company Profile

Yirendai Ltd., incorporated on September 1, 2014, is engaged in online consumer finance marketplace business in China. The Firm conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co., Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co., Ltd. (Heng Cheng). Heng Cheng operates its Website, www.yirendai.com, and has an Internet content well-known provider (ICP) license as an Internet information provider. The Company’s online marketplace facilitates standard loan products, express loan products and vertical loan products to borrowers. Uses for these loan products include home remodels, durable good purchases, travel and continuing education.

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