Cheetah Mobile (CMCM) : Traders are bullish on Cheetah Mobile (CMCM) as it has outperformed the S&P 500 by a wide margin of 34.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.03%, 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 12.09% in the last 1 week, and is up 35.72% 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 23.82% and the 50-Day Moving Average is 29.06%. Cheetah Mobile (NYSE:CMCM): stock turned positive on Friday. Though the stock opened at $12.52, the bulls momentum made the stock top out at $13.46 level for the day. The stock recorded a low of $12.49 and closed the trading day at $13.26, in the green by 5.83%. The total traded volume for the day was 1,637,649. The stock had closed at $12.53 in the previous days trading.
Institutional Investors own 11.03% of Cheetah Mobile shares. Also, Credit Suisse downgrades its view on Cheetah Mobile (NYSE:CMCM) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. Credit Suisse lowers the price target from $18 per share to $8 per share on Cheetah Mobile . The rating by the firm was issued on May 20, 2016.
Cheetah Mobile Inc. is a provider of online marketing services, Internet value-added services and Internet security services and others in the Peoples Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers, both of which are powered by its cloud-based data analytics engines. For its users, the Companys suite of applications improves mobile and PC Internet system performance and provides real time protection against known and unknown security threats. For its customers, the Companys platform provides multiple user traffic entry points and global content distribution channels capable of delivering targeted content to hundreds of millions of people. Kingsoft Corporation Limited is the holding company of the Company.