Weibo Corporation (WB) traded negative at $47.89. On an intraday basis, the price dropped -0.33 points or -0.68%. The composite uptick value was $0.87 million while the combined downtick value was $0.36. The net money flow was $0.51 million while the up/down ratio was not very comforting at 2.44. The shares on a weekly note has seen a change in share price of -0.46%.According to the trading data, the shares saw a block trade with $0.49 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 0.49.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Weibo Corporation has dropped 1.3% in the last five trading days, however, the shares have posted positive gains of 18.15% in the last 4 weeks. Weibo Corporation is up 4.26% in the last 3-month period. Year-to-Date the stock performance stands at 18.15%. Weibo Corporation (NASDAQ:WB) witnessed a decline in the market cap on Wednesday as its shares dropped 0.52% or 0.25 points. After the session commenced at $48.45, the stock reached the higher end at $48.5 while it hit a low of $47.25. With the volume soaring to 498,080 shares, the last trade was called at $47.97. The company has a 52-week high of $55.93. The company has a market cap of $10,178 million and there are 212,177,390 shares in outstanding. The 52-week low of the share price is $12.09.
Weibo Corp (ADR) Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.20. The company had revenue of $176.90 million for the quarter, compared to analysts expectations of $173.42 million. The companys revenue was up 41.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Weibo Corp (ADR) was Initiated by CLSA on Dec 12, 2016 to Buy, Price Target of the shares are set at $62.
Weibo Corporation operates as a social media platform for people to create, distribute and discover Chinese-language content. The Company operates in two segments: Advertising and Marketing Services, and Other Services. The company offers self-expression products; social products; discovery products; notifications; third-party online games. Weibo also develops mobile apps, such as Weibo Headlines; Weibo Weather and WeiDisk. It also provides advertising and marketing solutions, including social display ads and promoted marketing products. Weibo Corporation is headquartered in Beijing, China.