Jumei International Holding Limited (JMEI) : Traders are bullish on Jumei International Holding Limited (JMEI) as it has outperformed the S&P 500 by a wide margin of 7.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.8% in the last 1 week, and is up 10.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Jumei International Holding Limited (NYSE:JMEI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.31 and $4.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.40, notching a gain of 2.09% for the day. The total traded volume was 1,003,989 . The stock had closed at $4.31 on the previous day.
The stock has recorded a 20-day Moving Average of 3.69% and the 50-Day Moving Average is 1.33%. Jumei International Holding Limited has dropped 27.39% during the last 3-month period . Year-to-Date the stock performance stands at -51.43%.
Jumei International Holding Limited (JMEI) stock is expected to deviate a maximum of $1.41 from the average target price of $13.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $13.
Jumei International Holding Limited is an online retailer of beauty products. The Company has two complementary sales formats on its Internet platform for beauty products: curated sales and online shopping mall through which it sells beauty products directly to customers. As part of curated sales, its Jumei Global offers Chinese consumers access to beauty products sourced directly from overseas and allows its consumers to make payments in Renminbi. In addition to curated sales, it also sells a selection of branded beauty products in its online shopping mall. In addition to beauty products, the Company offers apparel and other lifestyle products sold by third-party merchants. The Companys flash sales format features virtual stores of selected third-party merchants, offering apparel and accessories, footwear, handbags and luggage, baby, children and maternity products, as well as home goods and other lifestyle products at discounts.