58.com (WUBA) : The total money flow in 58.com (WUBA) was negative ($9.99 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $27.76 million. Transactions on upticks were comparatively lower at $17.78 million. The uptick to downtick ratio was 0.64. The total block trades done on upticks were valued at $3.97 million. The total block trades on downticks were valued at $13.01 million. The uptick to the downtick ratio of block trades was 0.31. The money flow during block trades was negative ($9.04 million) when the stock traded with a gain of $96 cent. 58.com (WUBA) was $48.01, an increase of 2.04% over the previous days close.
Institutional Investors own 32.24% of 58.com shares.
Shares of 58.com Inc. rose by 1.03% in the last five trading days and 3.14% for the last 4 weeks. 58.com Inc. has dropped 15.74% during the last 3-month period . Year-to-Date the stock performance stands at -27.21%.
58.com (NYSE:WUBA): stock turned positive on Tuesday. Though the stock opened at $47.45, the bulls momentum made the stock top out at $48.87 level for the day. The stock recorded a low of $47.3 and closed the trading day at $48.01, in the green by 2.04%. The total traded volume for the day was 2,547,017. The stock had closed at $47.05 in the previous days trading.
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.