500.com Limited (WBAI) : Traders are bullish on 500.com Limited (WBAI) as it has outperformed the S&P 500 by a wide margin of 1.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.76%, 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 1.73% in the last 1 week, and is up 2.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
500.com Limited is up 17.75% in the last 3-month period. Year-to-Date the stock performance stands at -9.25%. The stock has recorded a 20-day Moving Average of 1.66% and the 50-Day Moving Average is 5.39%.
500.com Limited (NYSE:WBAI): The stock opened at $18.48 on Friday but the bulls could not build on the opening and the stock topped out at $18.50 for the day. The stock traded down to $18.20 during the day, due to lack of any buying support eventually closed down at $18.24 with a loss of -1.30% for the day. The stock had closed at $18.48 on the previous day. The total traded volume was 77,282 shares.
500.com Limited is an online sports lottery service provider in the Peoples Republic of China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. The Company offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users. The Company provides its registered users with a range of lottery sales services that include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase, Recurring Purchase and Locked-in Lottery Number Purchase.