NetEase (NTES) : NetEase (NTES) had a healthy money flow of $2.31 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $41.01 million, whereas, investors only sold shares worth $38.7 million on downticks. The stock closed the day with an up-down ratio of 1.06.The money flow in the block trades to the tune of $4.18 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $4.18 million worth of transactions were on upticks. NetEase (NTES) stock slid $0.67 intraday and traded at 243.48, a change of -0.27% over previous days close. However, for the week, the company shares are -1.59% compared to previous weeks close.
NetEase, Inc. has dropped 2.42% in the last five trading days, however, the shares have posted positive gains of 14.01% in the last 4 weeks. NetEase, Inc. is up 34.65% in the last 3-month period. Year-to-Date the stock performance stands at 36.05%.
NetEase (NTES) : Zacks Investment Research ranks NetEase (NTES) as 1, which is a Strong Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.17, which indicates as a Buy.
NetEase (NASDAQ:NTES): stock was range-bound between the intraday low of $241.55 and the intraday high of $246.23 after having opened at $245 on Wednesdays session. The stock finally closed in the red at $245, a loss of -0.27%. The stock remained in the red for the whole trading day. The total traded volume was 595,121 shares. The stock failed to cross $246.23 in Wednesdays trading. The stocks closing price on Thursday was $244.15.
NetEase, Inc. (NetEase) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.