Is LexinFintech Holdings Ltd - ADR (LX) a Stock to Watch After Gaining 12.59% This Week?

Monday, November 14, 2022 12:50 PM | InvestorsObserver Analysts

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LexinFintech Holdings Ltd - ADR (LX) stock is higher by 12.59% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

LexinFintech Holdings Ltd - ADR has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LX!
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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LX Stock Today?

LexinFintech Holdings Ltd - ADR (LX) stock is trading at $1.61 as of 12:50 PM on Monday, Nov 14, a gain of $0.09, or 5.92% from the previous closing price of $1.52. The stock has traded between $1.51 and $1.62 so far today. Volume today is 531,515 compared to average volume of 483,453.

More About LexinFintech Holdings Ltd - ADR

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged primarily in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China. Click Here to get the full Stock Report for LexinFintech Holdings Ltd - ADR stock.

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