Weibo Corporation (WB) : Traders are bullish on Weibo Corporation (WB) as it has outperformed the S&P 500 by a wide margin of 13.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.29%, 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 2.83% in the last 1 week, and is up 11.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.64% and the 50-Day Moving Average is 22.52%.The 200 Day SMA reached 95.09% Weibo Corporation is up 84.69% in the last 3-month period. Year-to-Date the stock performance stands at 153.08%.
Weibo Corporation (WB) : Average target price received by Weibo Corporation (WB) is $36.67 with an expected standard deviation of $10.97. The most aggressive target on the stock is $43, whereas the most downbeat target is $24. 3 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Weibo Corporation (NASDAQ:WB): The stock opened at $49.12 and touched an intraday high of $49.39 on Friday. During the day, the stock corrected to an intraday low of $48.33, however, the bulls stepped in and pushed the price higher to close in the green at $49.35 with a gain of 0.78% for the day. The total traded volume for the day was 1,078,711. The stock had closed at $49.35 in the previous trading session.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform, and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).