What is the market opinion on LexinFintech Holdings Ltd
The market fell recently on LexinFintech Holdings Ltd – ADR (LX) stock. LX gets a bearish score of Investors Observers Stock sentiment indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good idea of what investors are currently favoring. Sentiment incorporates short-term technical analysis into its score and does not include any fundamental analysis such as company profitability. This means that income updates and other information can have a huge impact on overall sentiment.
Price action is usually the best indicator of sentiment. For a stock to go up, investors need to be feeling good. Likewise, a stock that is in a downtrend must be out of favor.
Investors ObserverThe sentiment indicator takes into account price action and recent volume trends. Rising volumes often mean that a trend is strengthening, while falling volumes may indicate that a reversal could occur soon.
The options market is another place to get sentiment signals. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks for which options are available.
What’s going on with LX Stock today?
LexinFintech Holdings Ltd – ADR (LX) stock is trading at $ 9.51 at 10:55 a.m. on Thursday, May 27, a gain of $ 0.36, or 3.99% from the previous closing price of 9 , $ 14. The stock has traded between $ 9.21 and $ 9.70 so far today. The volume today is less active than usual. So far, 318,900 shares have been traded against an average volume of 745,810 shares.
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Learn more about LexinFintech Holdings Ltd – ADR
LexinFintech Holdings Ltd is an online consumer credit platform. The group is primarily engaged in online direct selling services and online consumer financial services for its customers in China. It offers direct online sales with installment payment terms and offers installment loans and personal installment loans primarily through its retail and online consumer lending platform www.fenqile.com, and its mobile app at www.fenqile.com. young adults aged 18 to 36 in the People’s Republic of China. The company also finances loans with the proceeds of partnerships between peer-to-peer lending platforms, commercial banks and other financial institutions. Geographically, it derives income from China.
Click here for the full LexinFintech Holdings Ltd – ADR (LX) stock score report.