Momo (NASDAQ:MOMO) has been under a strong bear grip, hence the stock is down -5.63% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 15.9% in the past 1 week. The stock has risen by 17.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.11% in the past 4 weeks.
The company shares have dropped -25.75% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $17.00 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.65 and the 200 Day Moving Average price is recorded at $12.84.
The stock has recorded a 20-day Moving Average of 5.91% and the 50-Day Moving Average is 6.21%.
Momo (NASDAQ:MOMO): stock turned positive on Friday. Though the stock opened at $11.59, the bulls momentum made the stock top out at $11.78 level for the day. The stock recorded a low of $10.84 and closed the trading day at $11.68, in the green by 0.26%. The total traded volume for the day was 1,036,027. The stock had closed at $11.65 in the previous days trading.
Momo Inc. is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company enables users to establish social relationships based on location and interests. Its platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform. The Momo mobile application is available on android, iOS and Windows platforms. Momo features various location and interest-based features, such as Nearby People, Groups, Message Board, Topics and Nearby Events, multi-media instant messaging tools, as well as mobile games. Its other services include emoticons and mobile marketing services. Its virtual store features emoticons designed in-house and by third-parties.