Lufax Shares Gain Momentum Ahead of Quarterly Earnings Release

Lufax Holding Ltd shares registered notable strength in Friday’s trading session, advancing by 3.43% to close at $3.32. The stock has now accumulated gains exceeding 10% over a two-week period, a rally largely fueled by mounting investor anticipation for the company’s quarterly results, scheduled for release this Wednesday.

Despite this recent upward trend, the stock continues to receive a cautious reception from many market analysts. The prevailing recommendation remains “Reduce,” accompanied by a consensus average price target of $3.20. However, a shift in sentiment is emerging, as several firms have recently upgraded their rating from “Sell” to a “Hold” position.

Trading Activity and Market Expectations

Friday’s trading saw the share price increase by $0.11, with movements confined to a range between $3.21 and $3.39. This follows... Read more...