Why Chinese Tech Stocks Alibaba, Tencent, and Futu Holdings Plunged Today [Yahoo! Finance]
Futu Holdings Limited - American Depositary Shares (FUTU)
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Source: Yahoo! Finance
broker Futu Holdings (NASDAQ: FUTU) were all falling today. They were down 4.3%, 5.6%, and 5.2%, respectively, as of 1:49 PM ET. The across-the-board move indicates that the declines had to do with Chinese stocks broadly and not individual stock news. Most likely, the downdraft was caused by disappointment over today's action -- or rather inaction -- by China's central bank. In addition, a Wall Street analyst issued a cautious note on Chinese stocks last night after a huge year-to-date rally, which may have encouraged some profit-taking. The big rally in Chinese stocks since last summer, and especially since the beginning of 2025, has largely been due to new stimulus measures. Some are already announced, and some are anticipated in t
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FUTU
News
- Futu Holdings Limited (NASDAQ: FUTU) had its price target raised by analysts at UBS Group AG from $130.00 to $136.00. They now have a "buy" rating on the stock.MarketBeat
- Futu Holdings Limited (NASDAQ: FUTU) had its price target raised by analysts at JPMorgan Chase & Co. from $160.00 to $170.00. They now have an "overweight" rating on the stock.MarketBeat
- Futu Announces Fourth Quarter and Full Year 2024 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- Futu Holdings Ltd (FUTU) Q4 2024 Earnings Call Highlights: Record Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Moomoo's Parent Company Futu Reports Strong Financial Growth for Q4 and Full Year 2024PR Newswire
FUTU
Sec Filings
- 3/13/25 - Form 6-K
- 2/26/25 - Form SCHEDULE
- FUTU's page on the SEC website