Shares of NetEase (NTES) Sees Large Outflow of Money

NetEase (NTES) : Mondays money flow analysis of NetEase (NTES) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $65.68 million. In comparison, the inflow of money on upticks was a meager $61.84 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.85 million. The uptick to downtick ratio of 0.94 in the money flow shows weakness. The downtick transaction value was high at $3.45 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($3.45 million). NetEase (NTES) gained $5.58 at $205.87, a change of 2.79% over the previous days close.


Shares of NetEase, Inc. rose by 5.55% in the last five trading days and 8.33% for the last 4 weeks. NetEase, Inc. is up 31.43% in the last 3-month period. Year-to-Date the stock performance stands at 17.75%.

NetEase (NASDAQ:NTES): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $209.03 and $205.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $215.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $211.48, notching a gain of 2.73% for the day. The total traded volume was 1,238,408 . The stock had closed at $205.87 on the previous day.

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.

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