Sina Corporation (NASDAQ:SINA) : Traders are bullish on Sina Corporation (NASDAQ:SINA) as it has outperformed the S&P 500 by a wide margin of 0.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, 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 1.84% in the last 1 week, and is up 1.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 17.39% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $54.60 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $51.07 and the 200 Day Moving Average price is recorded at $47.85.
The stock has recorded a 20-day Moving Average of 4.94% and the 50-Day Moving Average is 5.98%.
Sina Corporation (NASDAQ:SINA): stock turned positive on Friday. Though the stock opened at $52.73, the bulls momentum made the stock top out at $53.94 level for the day. The stock recorded a low of $52.65 and closed the trading day at $53.25, in the green by 1.22%. The total traded volume for the day was 651,450. The stock had closed at $52.61 in the previous days trading.
SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal, Weibo and other businesses. Its digital media network of SINA.com, SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal, SINA.cn, provides news information and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format, such as SINA News, SINA Sports, SINA Finance, SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create, distribute and discover Chinese-language content.