The stock of Yirendai Ltd – ADR (NYSE:YRD) is a huge mover today! The stock increased 2.73% or $0.77 on October 31, hitting $29. About 330,433 shares traded hands. Yirendai Ltd – ADR (NYSE:YRD) has risen 182.58% since March 29, 2016 and is uptrending. It has outperformed by 179.11% the S&P500.
The move comes after 7 months positive chart setup for the $1.70 billion company. It was reported on Oct, 31 by Barchart.com. We have $37.41 PT which if reached, will make NYSE:YRD worth $493.00M more.
According to Zacks Investment Research, “Yirendai Ltd. is involved in the online consumer finance business. Yirendai Ltd. is based in Beijing, China.”
More important recent Yirendai Ltd – ADR (NYSE:YRD) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on November 19, 2015, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Bidnessetc.com published: “Here’s Why Yirendai Ltd (YRD) Stock Crashed Today” on August 24, 2016. More interesting news about Yirendai Ltd – ADR (NYSE:YRD) was released by: Businesswire.com and their article: “Deutsche Bank Appointed as Depositary Bank for the Sponsored Level III …” with publication date: December 23, 2015.
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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