Vipshop Holdings Limited (NYSE:VIPS) has tumbled 5.8% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.81% in the last four weeks. The stocks have underperformed the S&P 500 by 4.67% during the past week but Vipshop Holdings Limited (NYSE:VIPS) it has outperformed the index in 4 weeks by 2.87%.
Vipshop Holdings Limited (NYSE:VIPS): The stock opened at $11.12 on Friday but the bulls could not build on the opening and the stock topped out at $11.21 for the day. The stock traded down to $10.70 during the day, due to lack of any buying support eventually closed down at $10.89 with a loss of -1.63% for the day. The stock had closed at $11.07 on the previous day. The total traded volume was 7,273,326 shares.
The company shares have dropped -53.08% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $24.15 and the one year low was seen on May 23, 2016. The 50-Day Moving Average price is $11.76 and the 200 Day Moving Average price is recorded at $13.07.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm JP Morgan downgrades its rating on Vipshop Holdings Limited (NYSE:VIPS). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at JP Morgan lowers the price target from $15 per share to $11 per share. The rating by the firm was issued on May 18, 2016. Institutional Investors own 68.91% of Vipshop Holdings Limited shares.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.