Fanhua Inc. (FANH) Can’t Be More Hot. Just Reaches 52-Week High

June 15, 2018 - By Winifred Garcia

The stock of Fanhua Inc. (NASDAQ:FANH) hit a new 52-week high and has $38.22 target or 9.00 % above today’s $35.06 share price. The 8 months bullish chart indicates low risk for the $2.28B company. The 1-year high was reported on Jun, 15 by Barchart.com. If the $38.22 price target is reached, the company will be worth $205.11 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 4.81% or $1.77 during the last trading session, reaching $35.06. About 189,688 shares traded. Fanhua Inc. (NASDAQ:FANH) has risen 229.34% since June 15, 2017 and is uptrending. It has outperformed by 216.77% the S&P500.

More notable recent Fanhua Inc. (NASDAQ:FANH) news were published by: Nasdaq.com which released: “Fanhua To Host Conference Call to Discuss Its “521 Development Plan”” on June 15, 2018, also Seekingalpha.com with their article: “Fanhua’s (FANH) CEO Chunlin Wang on Q1 2018 Results – Earnings Call Transcript” published on May 22, 2018, Globenewswire.com published: “Fanhua Announces Its “521 Development Plan”” on June 14, 2018. More interesting news about Fanhua Inc. (NASDAQ:FANH) were released by: Benzinga.com and their article: “36 Biggest Movers From Friday” published on June 11, 2018 as well as Benzinga.com‘s news article titled: “40 Biggest Movers From Yesterday” with publication date: June 15, 2018.

Fanhua Inc. distributes insurance products in China. The company has market cap of $2.28 billion. It operates through three divisions: Insurance Agency, Insurance Brokerage; and Claims Adjusting. It has a 27.43 P/E ratio. The Insurance Agency segment provides property and casualty insurance products, including automobile, individual accident, travel, disability income, commercial property, construction, and other property and casualty products; and life insurance products that consist of individual whole life, individual term life, individual endowment life, and individual education annuity, as well as group life and participating insurance products.

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