500.com Limited (WBAI) has risen sharply, recording gains of 1.72% in the past 4 weeks. However, the stock has corrected -2.63% in the past 1 week, providing a good buying opportunity on dips. 500.com Limited (WBAI) : During the past 4 weeks, traders have been relatively bearish on 500.com Limited (WBAI), hence the stock is down -0.75% 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 -3.04% relative to the S&P 500.
500.com Limited (NYSE:WBAI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.85 and $17.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.79, notching a gain of 1.60% for the day. The total traded volume was 98,194 . The stock had closed at $17.51 on the previous day.
The stock has recorded a 20-day Moving Average of 0.24% and the 50-Day Moving Average is 3.66%. 500.com Limited has dropped 5.92% during the last 3-month period . Year-to-Date the stock performance stands at -11.49%.
500.com Limited is an online sports lottery service provider in the Peoples Republic of China. The Company acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. The Company offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users. The Company provides its registered users with a range of lottery sales services that include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase, Recurring Purchase and Locked-in Lottery Number Purchase.