Notable Mover: Could Xinyuan Real Estate Co., Ltd. (ADR) See a Reversal After This Very Strong Session?

Notable Mover: Could Xinyuan Real Estate Co., Ltd. (ADR) See a Reversal After This Very Strong Session?

The stock of Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) is a huge mover today! About 365,200 shares traded hands or 21.89% up from the average. Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) has declined 5.48% since April 14, 2016 and is downtrending. It has underperformed by 10.17% the S&P500.
The move comes after 9 months positive chart setup for the $375.09 million company. It was reported on Nov, 16 by Barchart.com. We have $15.38 PT which if reached, will make NYSE:XIN worth $705.17 million more.

According to Zacks Investment Research, “Xinyuan Real Estate Co., Ltd. is a real estate developer and property manager primarily in China and recently in other countries. In China, the Company develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, Suzhou, among others. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. The Company aims to provide comfortable and convenient real estate related products and services to middle-class consumers.”

More notable recent Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) news were published by: Prnewswire.com which released: “Xinyuan Real Estate Co., Ltd. Announces Third Quarterly Dividend for 2016” on November 14, 2016, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Prnewswire.com published: “Xinyuan Real Estate Co., Ltd. Announces Issuance of US$300 million of 8.125 …” on August 30, 2016. More interesting news about Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) were released by: Prnewswire.com and their article: “Xinyuan Real Estate Co., Ltd. Completes Redemption of 13.25% Senior Notes due 2018” published on October 19, 2016 as well as Prnewswire.com‘s news article titled: “Xinyuan Real Estate Co., Ltd. Announces New Land Acquisitions in Zhengzhou and …” with publication date: October 26, 2016.

XIN Company Profile

Xinyuan Real Estate Co., Ltd. (Xinyuan), incorporated on March 26, 2007, is a holding firm and conducts business primarily through its operating subsidiaries in China. The Company, along with its subsidiaries, is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings. The Company’s divisions include property developments in Zhengzhou, Henan Province; property developments in Jinan, Shandong Province; property developments in Suzhou, Xuzhou and Kunshan, Jiangsu Province; property developments in Chengdu, Sichuan Province; property developments in Beijing; property developments in Sanya, Hainan Province; property developments in Changsha, Hunan Province; property developments in Shanghai; property developments in Tianjin; property developments in the United States, and other. The other segment relates to investment holdings, property management services, installation of intercom systems, landscaping, engineering and management, real estate sale, purchase and lease activities.

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