Free Trial

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

Yuanbao logo with Finance background

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.
  • Need better tools to track Yuanbao? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

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

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on YB

Yuanbao Stock Performance

The company has a 50 day simple moving average of $23.08.

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

About Yuanbao

(Get Free Report)

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.

See Also

Should You Invest $1,000 in Yuanbao Right Now?

Before you consider Yuanbao, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Yuanbao wasn't on the list.

While Yuanbao currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November
HUGE Upside Ahead: The Fastest Growing ETFs in the Market

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines