Up Fintech Holding Stock News

China's central bank cut some of the country's benchmark lending rates, sending many Chinese tech stocks upwards.

I initiate my coverage on UP Fintech with a BUY recommendation and a target price of $10.21 per share, implying an upside potential of 134%.

Chinese companies have faced heavy scrutiny from regulators in the U.S. and China.

UP Fintech Holding Ltd - ADR (TIGR) shares closed today at 1.0% above its 52 week low of $4.16, giving the company a market cap of $634M. The stock is currently down 8.6% year-to-date, down 48.2% over the past 12 months, and down 58.9% over the past five years. This week, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 0.1%. Trading Activity Trading volume this week was 13.0% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.7. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 599.8% The company's stock price performance over the past 12 months lags the peer average by -400.9% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Futu operates an online brokerage platform and has been listed in the US since 2019. Click here to read about the growth prospects, valuation, and risks associated with FUTU.

UP Fintech Holding Limited (NASDAQ:TIGR) with the stream of 1.64% also noticed, India Petroleo Brasileiro S.A. Petrobras (NYSE:PBR) encountered a rapid change of -2.88% in the last hour of The post Sector Declining Stock: UP Fintech Holding Limited (NASDAQ:TIGR), Petroleo Brasileiro S.A. Petrobras (NYSE:PBR) appeared first on Stocks Equity .

HONG KONG, Dec 17 (Reuters) Chinese officials are planning to ban online brokerages such as Futu Holdings Ltd (FUTU.O) and UP Fintech Holding Ltd from offering offshore trading services to mainland clients, the latest development in a broad regulatory crackdown that has roiled a wide range of sectors over the past year. The Nasdaq-listed Chinese firms []

UP Fintech Holding Limited (NASDAQ:TIGR)s share price was down 2.4% during mid-day trading on Thursday . The stock traded as low as $5.16 and last traded at $5.18. Approximately 17,058 shares changed hands during trading, a decline of 100% from the average daily volume of 9,061,300 shares. The stock had previously closed at $5.31. Separately, []

China To Tighten Regulations On FinTech Brokers Futu Holdings Ltd and UP Fintech Holding Ltd plunged premarket Friday after a Reuters report said Chinese regulators are preparing to crack down on the digital brokerage companies. Reuters said the brokerages would likely be notified of a platform ban, blocking mainland China customers from investing in foreign markets in "the coming months." Regulators are worried about data security risks to mainland customers who have to enter their ID cards, bank cards, and tax records to use the platforms. They''re also concerned about capital outflows. The Nasdaq-listed Chinese brokerages were down considerably in the premarket hours. Futu is down more than 9% and Up Fintech -12%. In October, state-run media People''s Daily said these brokerages collect large amounts of personal data were at risk of being acquired by the U.S. Securities and Exchange Commission. Futu responded to the Reuters report by calling it "media speculations" about future policies damaging its business. "The company has been operating steadily and will continue to serve existing and new clients," Futu said.

China looks determined to take actions against the online brokers as local regulators are planning to ban companies like Futu Holdings and UP Fintech.

The battle that Chinese stocks are facing at the hands of their government continues with new regulations imposed on online brokers. The post Chinese Stocks Alert: What Is Going on With FUTU, TIGR Sto

Chinese regulators are planning to ban online brokerages such as Futu Holdings Ltd and UP Fintech Holding Ltd from offering offshore trading services to mainland clients due to concern about data security and capital outflows, people with knowledge of the matter said.

This article analyses a unique key risk for both Up Fintech And Futu. Click here to read why I have assigned a bullish rating for TIGR.

The stock price of UP Fintech Holding Ltd (NASDAQ: TIGR) fell by over 5% today. This is why it happened.