Weibo Corporation (WB) Shares are Up 2.01%

Weibo Corporation (WB) : Traders are bullish on Weibo Corporation (WB) as it has outperformed the S&P 500 by a wide margin of 1.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.85%, 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 2.01% in the last 1 week, and is up 1.21% 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 1.81% and the 50-Day Moving Average is 14.55%.The 200 Day SMA reached 86.71%

Weibo

Weibo Corporation (NASDAQ:WB): The stock opened in the green at $51.84 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $52.209 and a low of $49.51 for the day. The stock did not find buyers even at the lows and closed at $50.14 recording a loss of -2.43%. 1,777,316 shares exchanged hands during the trading day. The stock had closed at $50.14 in the previous days trading.

Weibo Corporation (WB) : The highest short term price target forecast on Weibo Corporation (WB) is $43 and the lowest target price is $24. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $36.67 with a standard deviation of $10.97.

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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.