SouFun Holdings Limited (SFUN) : Traders are bullish on SouFun Holdings Limited (SFUN) as it has outperformed the S&P 500 by a wide margin of 0.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.06%, 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 4.6% in the last 1 week, and is up 5.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.73% and the 50-Day Moving Average is 2.11%.
SouFun Holdings Limited (NYSE:SFUN): The stock opened at $5.57 on Friday but the bulls could not build on the opening and the stock topped out at $5.57 for the day. The stock traded down to $5.45 during the day, due to lack of any buying support eventually closed down at $5.46 with a loss of -1.44% for the day. The stock had closed at $5.54 on the previous day. The total traded volume was 1,703,333 shares.
Institutional Investors own 50.27% of SouFun Holdings Limited shares.
SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Companys www.fang.com Website contains contents covering more than 350 cities across China, as well as Hong Kong, Taiwan, Singapore and Vancouver, Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites, including its www.jiatx.com Website, its e-commerce transaction and payment platform, and its.txdai.com Website, its financing platform. The Companys service offerings include marketing services, e-commerce services, listing services and other value-added services.