Price Action to Note: Could Yirendai Ltd – ADR Change Direction After Today’s Big Decline?

Price Action to Note: Could Yirendai Ltd   ADR Change Direction After Today's Big Decline?

The stock of Yirendai Ltd – ADR (NYSE:YRD) is a huge mover today! About 1.36 million shares traded hands or 117.67% up from the average. Yirendai Ltd – ADR (NYSE:YRD) has risen 147.35% since April 14, 2016 and is uptrending. It has outperformed by 142.66% the S&P500.
The move comes after 6 months negative chart setup for the $1.68B company. It was reported on Nov, 16 by Barchart.com. We have $26.86 PT which if reached, will make NYSE:YRD worth $117.60M less.

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: Bloomberg.com which released: “When the Grass Isn’t Greener” on January 04, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on November 19, 2015. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: December 12, 2015 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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