Momo (MOMO) : Traders are bullish on Momo (MOMO) as it has outperformed the S&P 500 by a wide margin of 18.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.92%, 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 1.97% in the last 1 week, and is up 20% 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 8.06% and the 50-Day Moving Average is 20.29%. Momo (NASDAQ:MOMO): stock turned positive on Friday. Though the stock opened at $15.1, the bulls momentum made the stock top out at $15.15 level for the day. The stock recorded a low of $14.9 and closed the trading day at $15, in the green by 0.40%. The total traded volume for the day was 1,020,807. The stock had closed at $14.94 in the previous days trading.
Institutional Investors own 6.62% of Momo shares.
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.