Waterdrop hits 52-Week High on Day before it Reports Q3 2022 Financial Results

(24/7 MARKET NEWS) – Waterdrop Inc. (NYSE: WDH) is a Beijing based technology platform dedicated to insurance and healthcare service that will hold a conference call on December 6, 2022 at 7:00 AM U.S. Eastern Time, and hit a new 52-week high today.

Hitting a new 52-week high the day before reporting financial results is, often, a bet the farm type of setup, but since it’s based in China, it’s probably better to place it the buyer beware file. That’s not to say that it’s not going higher, or even much higher, but avoid it, unless you’re able to keep a tight stop loss on this one.

Waterdrop opened this morning at $1.62 and is now at $1.885, up $0.275 (+17.08%), on nearly 600 thousand shares traded.

Its 52-week range 0.90 to 1.885.

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