Stock On Watch: What’s Ahead for Yirendai Ltd – ADR After Today’s Significant Increase?

Stock On Watch: What's Ahead for Yirendai Ltd   ADR After Today's Significant Increase?

The stock of Yirendai Ltd – ADR (NYSE:YRD) is a huge mover today! About 248,553 shares traded hands. Yirendai Ltd – ADR (NYSE:YRD) has risen 279.95% since March 16, 2016 and is uptrending. It has outperformed by 274.40% the S&P500.
The move comes after 5 months positive chart setup for the $1.69 billion company. It was reported on Oct, 19 by Barchart.com. We have $40.72 PT which if reached, will make NYSE:YRD worth $625.30M more.

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

More recent Yirendai Ltd – ADR (NYSE:YRD) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on November 19, 2015. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on December 12, 2015. Bidnessetc.com‘s news article titled: “Here’s Why Yirendai Ltd (YRD) Stock Crashed Today” with publication date: August 24, 2016 was also an interesting one.

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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