Shares of SouFun Holdings Limited (SFUN) Sees Large Outflow of Money

SouFun Holdings Limited (SFUN) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($0.91 million) and the uptick to downtick ratio was 0.53. The transaction value on upticks was $1.03 million and on downticks, the transaction value was $1.94 million. In block trades, the transaction value of inflow done during uptick was $0.16 million. The transaction value of block trades during downticks was $0.38 million. The uptick to downtick block trade ratio was 0.41. The money flow was negative ($0.22 million), indicating the traders were booking profit on the price strength. SouFun Holdings Limited (SFUN) rose $0.07 at $4.67, during intraday Tuesday , a rise of 1.52% over the previous days close.


Also, Equity Analysts at the Brokerage Firm, CLSA, downgrades their rating on the shares of SouFun Holdings Limited (NYSE:SFUN). CLSA has a Sell rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 26, 2016.

Shares of SouFun Holdings Ltd. appreciated by 1.74% during the last five trading days but lost 7.71% on a 4-week basis. SouFun Holdings Ltd. has dropped 12.38% during the last 3-month period . Year-to-Date the stock performance stands at -36.81%.

SouFun Holdings Limited (NYSE:SFUN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.60 and $4.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.67, notching a gain of 1.52% for the day. The total traded volume was 4,522,106 . The stock had closed at $4.60 on the previous day.

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 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 Website, its e-commerce transaction and payment platform, and Website, its financing platform. The Companys service offerings include marketing services, e-commerce services, listing services and other value-added services.

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