58.com (NYSE:WUBA) witnessed a selling pressure and the shares last traded with a loss of -0.58 points or -1.26% at $45.49. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $3.32 million with an inflow of $12.03 million in upticks and an outflow of $8.71 million in downticks. Using the data, the up/down ratio is found to be 1.38. The share price has recorded 0.15% on a weekly basis.A block trade of $4.47 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $4.47, signaling heavy buying.
The stock has recorded a 20-day Moving Average of 7.94% and the 50-Day Moving Average is 12.69%. The company shares have dropped 36.37% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $73.95 and one year low was seen on September 15, 2015 at $37.72. The 50-day moving average is $50.03 and the 200 day moving average is recorded at $55.44. S&P 500 has rallied 1.93% during the last 52-weeks.
58.com (NYSE:WUBA): The stock opened at $46.33 on Tuesday but the bulls could not build on the opening and the stock topped out at $46.59 for the day. The stock traded down to $45.04 during the day, due to lack of any buying support eventually closed down at $45.40 with a loss of -1.45% for the day. The stock had closed at $46.07 on the previous day. The total traded volume was 2,143,304 shares.
Institutional Investors own 32.2% of 58.com shares.
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.