Shares of Weibo Corporation (WB) Sees Large Outflow of Money

Weibo Corporation (WB) : The total negative money flow of $1.59 million on Thursday indicates selling on strength. The inflow of money on upticks was $6.32 million, compared to $7.91 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.8. The negative money flow of $0.56 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $0.56 million. The price action in the Weibo Corporation (WB) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $30.74 with a gain of $2.25 , a change of 7.89% over the previous days close. The stock registered 7.7% for the week.


Weibo Corporation (WB) : Currently there are 2 street experts covering Weibo Corporation (WB) stock. The most bullish and bearish price target for the stock is $26 and $24 respectively for the short term. The average price target of all the analysts comes to $25. The estimated standard deviation from the target is $1.41. The stock has recorded a 20-day Moving Average of 14.32% and the 50-Day Moving Average is 23.29%.

Weibo Corporation (NASDAQ:WB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.77 and $28.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.57, notching a gain of 10.81% for the day. The total traded volume was 2,117,593 . The stock had closed at $28.49 on the previous day.

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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