Shares of Weibo Corporation (WB) Sees Large Inflow of Net Money Flow

Weibo Corporation (WB) : Fridays money flow data in Weibo Corporation (WB) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $17.92 million, whereas, $17.1 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.05, in favor of the bulls. The total money flow into the stock was $0.82 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0 million. The total value of block trades done on upticks was $0 million. Weibo Corporation (WB) fell $0.08 and traded at $48.94, down -0.16% for the day, over previous days close. On a weekly basis, the shares are 1.16% over the previous weeks close.


Institutional Investors own 12.38% of Weibo Corporation shares.

Weibo Corporation (NASDAQ:WB): The stock opened at $49.24 and touched an intraday high of $50.69 on Friday. During the day, the stock corrected to an intraday low of $48.5401, however, the bulls stepped in and pushed the price higher to close in the green at $49.54 with a gain of 1.06% for the day. The total traded volume for the day was 2,334,937. The stock had closed at $49.02 in the previous trading session.

Weibo Corporation (WB) : Traders are bullish on Weibo Corporation (WB) as it has outperformed the S&P 500 by a wide margin of 38.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.88%, 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 2.4% in the last 1 week, and is up 38.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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