58.com (WUBA): The stock had negative money flow to the tune of ($15.46 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $13.18 million, whereas, the outflow of money on downticks was $28.64 million and the ratio between the two was 0.46. The block trade had a negative net money flow of ($14.19 million). The total block trade value undertaken on upticks was $2.31 million. On the other hand, downticks amounted to $16.5 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.14. 58.com (WUBA) closed with marginal gains of 4 cents to end the day at $53.74, an increase of 0.07% over the previous days close. The stock recorded 1.11% for the week.
58.com Inc. has dropped 1.76% in the last five trading days, however, the shares have posted positive gains of 11.89% in the last 4 weeks. 58.com Inc. is up 4.96% in the last 3-month period. Year-to-Date the stock performance stands at -18.53%.
58.com (NYSE:WUBA): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.00 and $53.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.74, notching a gain of 0.07% for the day. The total traded volume was 1,973,611 . The stock had closed at $53.70 on the previous day.
58.com Inc. (58.com) is a holding company. The Company operates an online marketplace serving local merchants and consumers in China. The Companys online marketplace enables local merchants and consumers to connect, share information and conduct business. The Companys online marketplace contains local information in approximately 395 cities, across the content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages and other local services. The Company conducts automatic and manual screening using its technology and processes. The Companys users post listings on its marketplace covering a range of services and products on its Website, www.58.com. The Company organizes the listings on its marketplace by content categories, such as jobs, housing, used goods, automotive, yellow pages, pets and tickets.