Weibo Corporation (NASDAQ:WB) : Traders are bullish on Weibo Corporation (NASDAQ:WB) as it has outperformed the S&P 500 by a wide margin of 12.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.04%, 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 8.41% in the last 1 week, and is up 14.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 105.04% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $32.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $27.14 and the 200 Day Moving Average price is recorded at $20.62.
The stock has recorded a 20-day Moving Average of 11.44% and the 50-Day Moving Average is 20.13%.
Weibo Corporation (NASDAQ:WB): On Fridays trading session , Opening price of the stock was $31.78 with an intraday high of $32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.62. However, the stock managed to close at $30.94, a loss of 2.00% for the day. On the previous day, the stock had closed at $31.57. The total traded volume of the day was 1,240,434 shares.
Weibo Corporation is a social media platform for people to create, distribute and discover Chinese-language content. The Company provides ways for people and organizations to publicly express themselves in real time, interact with others on a global platform and stay connected with the world. It operates in two segments: advertising and marketing services and other services. It offers self-expression products that enable its users to express themselves on its platform; social products to promote social interaction between users on its platform; discovery products to help users discover content on its platform, and notifications to notify users on Weibo account activities through short message service (SMS) or push notification on their device. It offers advertising and marketing solutions to enable its customers to promote their brands and conduct marketing activities. It offers its platform partners with tools and application programming interfaces (APIs).