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Is it Time to Dump LexinFintech Holdings Ltd - ADR (LX) Stock After it Has Risen 5.59% in a Week?

Thursday, December 01, 2022 02:03 PM | InvestorsObserver Analysts

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Is it Time to Dump LexinFintech Holdings Ltd - ADR (LX) Stock After it Has Risen 5.59% in a Week?

The market has been high on LexinFintech Holdings Ltd - ADR (LX) stock recently. LX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
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!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With LX Stock Today?

LexinFintech Holdings Ltd - ADR (LX) stock is trading at $1.70 as of 2:02 PM on Thursday, Dec 1, a loss of -$0.11, or -5.86% from the previous closing price of $1.81. The stock has traded between $1.68 and $1.75 so far today. Volume today is below average. So far 333,232 shares have traded compared to average volume of 730,738 shares. To screen for more stocks like LexinFintech Holdings Ltd - ADR click here.

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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