On a relative basis, the stock has outperformed the S&P 500 by 6.7% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.41% in the last 1 week, and is up 13.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
NetEase (NASDAQ:NTES): The stock opened at $198.00 on Friday but the bulls could not build on the opening and the stock topped out at $198.48 for the day. The stock traded down to $194.40 during the day, due to lack of any buying support eventually closed down at $196.02 with a loss of -0.68% for the day. The stock had closed at $197.37 on the previous day. The total traded volume was 868,937 shares.
The stock has recorded a 20-day Moving Average of 4.17% and the 50-Day Moving Average is 11.86%. NetEase, Inc. is up 47.95% in the last 3-month period. Year-to-Date the stock performance stands at 9.14%.
NetEase, Inc. (NetEase) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.