Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) saw unusually-high trading volume on Monday . Approximately 235,557 shares changed hands during trading, an increase of 10% from the previous session's volume of 214,783 shares.The stock last traded at $1.45 and had previously closed at $1.39.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Waterdrop from a "buy" rating to a "hold" rating in a report on Saturday, June 14th.
Get Our Latest Report on WDH
Waterdrop Stock Performance
The stock has a fifty day moving average price of $1.36 and a 200-day moving average price of $1.29. The firm has a market capitalization of $487.54 million, a PE ratio of 8.97 and a beta of -0.29.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Waterdrop in the 4th quarter valued at $78,000. Baader Bank Aktiengesellschaft increased its holdings in shares of Waterdrop by 28.6% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after acquiring an additional 369,325 shares during the period. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in shares of Waterdrop in the 4th quarter valued at $6,760,000. 1.96% of the stock is currently owned by hedge funds and other institutional investors.
About Waterdrop
(
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Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.
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