Vipshop Holdings Limited (VIPS) : Net money flow in Vipshop Holdings Limited (VIPS) was negative ($1.16 million) and the inflow of money on uptick was $3.39 million, whereas, the outflow of money on downticks amounted to $4.55 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.74. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $1.14 million. On the other hand, the total value of block trades done on downticks was $1.45 million. The ratio of uptick to downtick block trades was 0.78. The money flow in block trades was negative ($0.31). Vipshop Holdings Limited (VIPS) gained $0.27 cent during the day and reached $14.74, a gain of 1.83% over the previous day.
Also, Equity Analysts at the Brokerage Firm, Nomura, maintains their rating on the shares of Vipshop Holdings Limited (NYSE:VIPS). Nomura has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $20 per share from a prior target of $17. The rating by the firm was issued on August 17, 2016.
Vipshop Holdings Limited has dropped 4.73% in the last five trading days, however, the shares have posted positive gains of 2.65% in the last 4 weeks. Vipshop Holdings Limited is up 29.49% in the last 3-month period. Year-to-Date the stock performance stands at -3.67%.
Vipshop Holdings Limited (NYSE:VIPS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.61 and $14.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.71, notching a gain of 1.66% for the day. The total traded volume was 7,104,755 . The stock had closed at $14.47 on the previous day.
Vipshop Holdings Limited is a holding company. The Company, through its wholly owned subsidiaries, operates as an online discount retailer for brands in China. The Company offers a range of apparel, fashion goods, cosmetics, home goods and lifestyle products from domestic and international brands. The Companys product categories include womenswear, menswear, footwear, accessories, handbags, children, sportswear and sporting goods, cosmetics, home goods and other lifestyle products, luxury goods, and gifts and miscellaneous. The Company offers branded products to consumers through flash sales model on its vip.com Website. The Company has launched channels on its Website, which include Vipshop Beauty, Vipshop Home, Vipshop Baby and Global Sale. The Company also offers a range of products and services through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.