Momo (MOMO) Shares are Down -4.46%

Momo (MOMO) : During the past 4 weeks, traders have been relatively bearish on Momo (MOMO), hence the stock is down -7.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.62% relative to the S&P 500. The 4-week change in the price of the stock is -8.09% and the stock has fallen -4.46% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.06% and the 50-Day Moving Average is 17.4%.The 200 Day SMA reached 55.34%


Momo (NASDAQ:MOMO): The stock opened in the green at $23 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $23.189 and a low of $22.31 for the day. The stock did not find buyers even at the lows and closed at $22.5 recording a loss of -1.32%. 1,944,916 shares exchanged hands during the trading day. The stock had closed at $22.5 in the previous days trading.

Momo (MOMO) : The highest short term price target forecast on Momo (MOMO) is $28 and the lowest target price is $26. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $27 with a standard deviation of $1.41.

Momo Inc. is a holding company. The Company operates Momo, a mobile-based social networking platform. The Company enables users to establish social relationships based on location and interests. Its platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, customers and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform. The Momo mobile application is available on android, iOS and Windows platforms. Momo features various location and interest-based features, such as Nearby People, Groups, Message Board, Topics and Nearby Events, multi-media instant messaging tools, as well as mobile games. Its other services include emoticons and mobile marketing services. Its virtual store features emoticons designed in-house and by third-parties.

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