Large Inflow of Money Detected in Weibo Corporation

Weibo Corporation (WB) : Weibo Corporation (WB) had a healthy money flow of $0.48 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $1.23 million, whereas, investors only sold shares worth $0.75 million on downticks. The stock closed the day with an up-down ratio of 1.64.The money flow in the block trades to the tune of $0.4 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.4 million worth of transactions were on upticks. Weibo Corporation (WB) stock slid $0.07 intraday and traded at 31.85, a change of -0.22% over previous days close. However, for the week, the company shares are 2.94% compared to previous weeks close.


The stock has recorded a 20-day Moving Average of 13.74% and the 50-Day Moving Average is 23.53%. Shares have rallied 113.52% from its 1 Year high price. On Jul 11, 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 $27.41 and the 200 Day Moving Average price is recorded at $20.72.

Weibo Corporation (NASDAQ:WB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.02 and $31.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.58, notching a gain of 2.07% for the day. The total traded volume was 942,670 . The stock had closed at $31.92 on the previous day.

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).

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