NetEase (NTES) : Investors lapped up stocks on upticks to the tune of $1.56 million in the Fridays trading session. The trading value on downticks was comparatively at $0.24 million and the uptick to downtick ratio of 6.61 indicates continuous buying by the bulls. The net money flow into the stock was $1.33 million. Upticks saw transactions worth $0 clearly indicating buying by large investors. The total money flow for block trades stood at $0 million, which is a positive for the stock in the long-term. NetEase (NTES) fell $0.12 during the day at $197.25, a drop of -0.06% over the previous days close. However, for the week, the stock is 1.05%, compared to the previous week.
NetEase (NTES) : The highest level NetEase (NTES) is projected to reach is $235 for the short term and the lowest estimate is at $175. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $201 and the possibility the share price can swing is $25.26.
NetEase (NASDAQ:NTES): On Fridays trading session , Opening price of the stock was $198 with an intraday high of $198.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $194.401. However, the stock managed to close at $196.02, a loss of 0.68% for the day. On the previous day, the stock had closed at $197.37. The total traded volume of the day was 868,937 shares.
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.