21Vianet Group (VNET) Shares are Down -6.58%

21Vianet Group (VNET) : During the past 4 weeks, traders have been relatively bearish on 21Vianet Group (VNET), hence the stock is down -14.7% 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 -6.73% relative to the S&P 500. The 4-week change in the price of the stock is -15.16% and the stock has fallen -6.58% in the past 1 week.

The stock has recorded a 20-day Moving Average of 6.77% and the 50-Day Moving Average is 13.01%.The 200 Day SMA reached 47.33%


21Vianet Group (NASDAQ:VNET): The stock opened in the green at $8.08 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $8.1 and a low of $7.95 for the day. The stock did not find buyers even at the lows and closed at $7.95 recording a loss of -1.49%. 820,562 shares exchanged hands during the trading day. The stock had closed at $7.95 in the previous days trading.

21Vianet Group (VNET) : The most positive equity analysts on 21Vianet Group (VNET) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $6 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $7.87 with an expected fluctuation of $2.2 from the mean.

21Vianet Group, Inc. is a carrier-neutral Internet data center services provider in China. The Company hosts its customers servers and networking equipment and provides interconnectivity to improve the performance, availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology. The Company provides complementary Internet infrastructure services, such as content delivery network (CDN) services, virtual private network (VPN) services and last-mile wired broadband services to improve the security, speed and quality of data transmission in China. It offers public cloud services, private cloud and hybrid services. In addition, the Company also offers container-based data center service.

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