Weibo Corporation (WB) : Tuesdays money flow analysis of Weibo Corporation (WB) 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 $4.52 million. In comparison, the inflow of money on upticks was a meager $3.45 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.07 million. The uptick to downtick ratio of 0.76 in the money flow shows weakness. The downtick transaction value was high at $0.75 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($0.75 million). Weibo Corporation (WB) gained $0.39 at $49.12, a change of 0.8% over the previous days close.
Also, In a research note released to the investors, Goldman Sachs maintains its rating on Weibo Corporation (NASDAQ:WB).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $25.4 per share to $40 per share. The rating by the firm was issued on August 11, 2016.
Shares of Weibo Corporation rose by 2.39% in the last five trading days and 39.66% for the last 4 weeks. Weibo Corporation is up 77.06% in the last 3-month period. Year-to-Date the stock performance stands at 143.79%.
Weibo Corporation (NASDAQ:WB): The stock opened at $49.20 on Tuesday but the bulls could not build on the opening and the stock topped out at $49.90 for the day. The stock traded down to $47.05 during the day, due to lack of any buying support eventually closed down at $47.54 with a loss of -2.44% for the day. The stock had closed at $48.73 on the previous day. The total traded volume was 1,960,546 shares.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform, and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).