21Vianet Group (VNET) : Traders are bullish on 21Vianet Group (VNET) as it has outperformed the S&P 500 by a wide margin of 7.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.81%, 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 6.87% in the last 1 week, and is up 8.79% 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 5.69% and the 50-Day Moving Average is 3.24%. 21Vianet Group (NASDAQ:VNET): The stock was completely flat for the day, closing at $10.27 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $10.22, the stock touched an intraday high of $10.49 and a low of $10.13. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $10.27. The total trading volume on Friday was 1,722,550.
Institutional Investors own 46.1% of 21Vianet Group shares.
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.