Sina Corporation (SINA) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (8.91 million) in Sina Corporation (SINA). On Friday, The value of composite uptick trades was $55.87 million, whereas, the value of composite downtick trades was $64.78 million and the ratio between the two was 0.86, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0 million. $2.76 million was the block trade value on upticks. The negative money flow of ($2.76 million) shows selling on strength. Sina Corporation (SINA) gained $2.25 intraday at $78.75 and registrered 2.94% for the week.
The company Insiders own 7.4% of Sina Corporation shares according to the proxy statements. Institutional Investors own 60.48% of Sina Corporation shares.
Sina Corporation (NASDAQ:SINA): The stock opened at $79.17 and touched an intraday high of $82.4 on Friday. During the day, the stock corrected to an intraday low of $79.17, however, the bulls stepped in and pushed the price higher to close in the green at $81.88 with a gain of 3.97% for the day. The total traded volume for the day was 3,411,696. The stock had closed at $78.75 in the previous trading session.
Sina Corporation (SINA) : Traders are bullish on Sina Corporation (SINA) as it has outperformed the S&P 500 by a wide margin of 42.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.9%, 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 11.46% in the last 1 week, and is up 42.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal, Weibo and other businesses. Its digital media network of SINA.com, SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal, SINA.cn, provides news information and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format, such as SINA News, SINA Sports, SINA Finance, SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create, distribute and discover Chinese-language content.