Vipshop Holdings Limited (VIPS) : Traders are bullish on Vipshop Holdings Limited (VIPS) as it has outperformed the S&P 500 by a wide margin of 17.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.96% in the last 1 week, and is up 18.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Vipshop Holdings Limited is up 52.34% in the last 3-month period. Year-to-Date the stock performance stands at 4.65%. The stock has recorded a 20-day Moving Average of 9.68% and the 50-Day Moving Average is 23.75%.
Vipshop Holdings Limited (NYSE:VIPS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.88 and $15.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.98, notching a gain of 0.63% for the day. The total traded volume was 6,171,186 . The stock had closed at $15.88 on the previous day.
Also, Nomura maintains their rating on the shares of Vipshop Holdings Limited (NYSE:VIPS). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $20 per share from $17 per share. The rating by the firm was issued on August 17, 2016.
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.