NetEase (NASDAQ:NTES) traded higher in the last at $163.21, gaining 1.23 points or 0.76%. From the data available, it can be said that the stock did not make an impact in the money flow department with the net figure coming to be $(-0.85) million. The composite uptick value of $46.66 million was eclipsed by the accrued downtick value of $47.51 million, thereby ensuring the up/down ratio of 0.98. For the week, the shares have posted returns of -7.03%.A block trade registered during the day has revealed $4.18 million in upticks and $1.89 million in downticks. The up/down ratio in this case turned out to be 2.22. The net money flow for the block trade was $(2.3) million.
Currently the company Insiders own 54.7% of NetEase shares according to the proxy statements. Institutional Investors own 57.6% of NetEase shares.
NetEase (NASDAQ:NTES) : On Monday heightened volatility was witnessed in NetEase (NASDAQ:NTES) which led to swings in the share price. The stock opened for trading at $161 and hit $166.15 on the upside , eventually ending the session at $163.21, with a gain of 0.76% or 1.23 points. The heightened volatility saw the trading volume jump to 1,190,440 shares. The 52-week high of the share price is $186.45 and the company has a market cap of $21,458 million. The 52-week low of the share price is at $102.8 .
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Nomura upgrades its outlook on NetEase (NASDAQ:NTES). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 12, 2016.
NetEase, Inc. (NetEase) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.