Yuanbao (NASDAQ:YB) Shares Gap Down - Time to Sell?

Key Points

• Yuanbao Inc. (NASDAQ:YB) shares gapped down from a previous close of $23.90 to open at $23.04, last trading at $24.15 with a volume of 9,294 shares.
• The stock's rating was downgraded from "buy" to "hold" by Wall Street Zen on June 15th.
• Recently, notable institutional investors, including Federated Hermes and JPMorgan Chase, have made significant new investments in Yuanbao during the second quarter.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $23.90, but opened at $23.04. Yuanbao shares last traded at $24.15, with a volume of 9,294 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Yuanbao from a "buy" rating to a "hold" rating in a report on Sunday, June 15th.

Yuanbao Stock Down 5.6%

The business's fifty day moving average price is $26.01.

Yuanbao (NASDAQ:YB - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.90 earnings per share for the quarter. The firm had revenue of $149.36 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in shares of Yuanbao in the second quarter worth about $370,000. JPMorgan Chase & Co. acquired a new position in shares of Yuanbao in the 2nd quarter valued at approximately $454,000. Finally, WFM ASIA BVI Ltd bought a new stake in Yuanbao during the 2nd quarter worth approximately $2,020,000.

Yuanbao Company Profile

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine.