Yuanbao (NASDAQ:YB) Stock Price Down 3.1% - Here's What Happened

Key Points

• Yuanbao Inc.'s stock price fell by 3.1% during trading, with the stock closing at $25.26 on Monday, which is a significant drop from its previous close.
• Trading volume was notably low, with only 3,216 shares changing hands, marking a 97% decline from its average daily volume.
• Wall Street analysts downgraded Yuanbao from a "buy" to a "hold" rating, indicating decreased investor confidence in the stock.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report)'s stock price dropped 3.1% during trading on Monday . The company traded as low as $25.26 and last traded at $25.26. Approximately 3,216 shares changed hands during trading, a decline of 97% from the average daily volume of 101,996 shares. The stock had previously closed at $26.08.

Wall Street Analyst Weigh In

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

Yuanbao Stock Up 3.0%

The firm's fifty day simple moving average is $22.09.

Yuanbao (NASDAQ:YB - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $133.68 million for the quarter.

About Yuanbao

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.

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