Weibo Corporation (WB) has risen sharply, recording gains of 14.02% in the past 4 weeks. However, the stock has corrected -2.28% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.31% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.73% and the 50-Day Moving Average is 14.09%. Weibo Corporation is up 32.98% in the last 3-month period. Year-to-Date the stock performance stands at 66.87%.
Weibo Corporation (NASDAQ:WB): stock turned positive on Friday. Though the stock opened at $32.32, the bulls momentum made the stock top out at $32.74 level for the day. The stock recorded a low of $31.25 and closed the trading day at $32.54, in the green by 0.37%. The total traded volume for the day was 947,678. The stock had closed at $32.42 in the previous days trading.
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).