NetEase (NTES) : Investors lapped up stocks on upticks to the tune of $17.43 million in the Tuesdays trading session. The trading value on downticks was comparatively at $15.62 million and the uptick to downtick ratio of 1.12 indicates continuous buying by the bulls. The net money flow into the stock was $1.81 million. Upticks saw transactions worth $2.51 clearly indicating buying by large investors. The total money flow for block trades stood at $2.51 million, which is a positive for the stock in the long-term. NetEase (NTES) fell $1.97 during the day at $211.6, a drop of -0.92% over the previous days close. However, for the week, the stock is -2.8%, compared to the previous week.
Also, Brokerage firm Credit Suisse assumes its rating on NetEase (NASDAQ:NTES). In a research note issued to the investors, the brokerage major announces price-target of $230 per share.The shares have been rated Neutral. The rating by the firm was issued on August 19, 2016.
NetEase, Inc. has dropped 0.66% in the last five trading days, however, the shares have posted positive gains of 4.46% in the last 4 weeks. NetEase, Inc. is up 20.21% in the last 3-month period. Year-to-Date the stock performance stands at 17.9%.
NetEase (NASDAQ:NTES): The stock opened at $215.67 on Tuesday but the bulls could not build on the opening and the stock topped out at $215.67 for the day. The stock traded down to $209.21 during the day, due to lack of any buying support eventually closed down at $211.00 with a loss of -1.20% for the day. The stock had closed at $213.57 on the previous day. The total traded volume was 1,013,596 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.