Qihoo 360 Technology Co. Ltd. (QIHU) : Traders are bullish on Qihoo 360 Technology Co. Ltd. (QIHU) as it has outperformed the S&P 500 by a wide margin of 1.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.77%, 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 6.33% in the last 1 week, and is up 6.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.68% and the 50-Day Moving Average is 5.37%.
Qihoo 360 Technology Co. Ltd. (NYSE:QIHU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.73 and $76.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.92, notching a gain of 0.30% for the day. The total traded volume was 13,284,175 . The stock had closed at $76.69 on the previous day.
Institutional Investors own 27.29% of Qihoo 360 Technology Co. Ltd. shares.
Qihoo 360 Technology Co. Ltd. is an Internet company. The Company is primarily engaged in the operations of Internet services in the Peoples Republic of China. The Companys core Internet and mobile security products include 360 Safe Guard, 360 Anti-virus and 360 Mobile Safe. The Company has developed various platform products to meet a range of security-related needs of Internet users and create access points to the Internet, which include 360 browsers; 360 Personal Start-up Page and its subpages; 360 Search, and 360 Mobile Assistant. The Companys services include online advertising, which include online advertising service solutions, such as sponsored links (advertising links), on its platform products; Internet value-added services, which include games developed by third parties to users, and Other services, which include enterprise information security products and related services, such as firewalls, gateways and Internet security monitoring systems to enterprise customers.