SouFun Holdings Limited (SFUN) : During the past 4 weeks, traders have been relatively bearish on SouFun Holdings Limited (SFUN), hence the stock is down -4.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.06% relative to the S&P 500. The 4-week change in the price of the stock is -3.92% and the stock has fallen -8.09% in the past 1 week.
SouFun Holdings Ltd. has dropped 16.04% during the last 3-month period . Year-to-Date the stock performance stands at -36.94%. The stock has recorded a 20-day Moving Average of 4.79% and the 50-Day Moving Average is 7.28%.
SouFun Holdings Limited (NYSE:SFUN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.34 and $4.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.66, notching a gain of 8.37% for the day. The total traded volume was 5,320,267 . The stock had closed at $4.30 on the previous day.
Also, Nomura maintains its rating on SouFun Holdings Limited (NYSE:SFUN). The global brokerage major lowers the current price target from $7.94 per share to $6.79 per share. Analysts at the Nomura have a current rating of Buy on the shares. The rating by the firm was issued on August 10, 2016.
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 www.fang.com 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 www.jiatx.com Website, its e-commerce transaction and payment platform, and its.txdai.com Website, its financing platform. The Companys service offerings include marketing services, e-commerce services, listing services and other value-added services.