*After the session commenced at $11.72, the stock reached the higher end at $11.72 while it hit a low of $11.13.
*With the volume soaring to 223,679 shares, the last trade was called at $11.16.
*The company has a 52-week high of $20.7. The company has a market cap of $1,011 million and there are 90,634,000 shares in outstanding.
*The 52-week low of the share price is $8.78.
September 24, 2015
*With the volume soaring to 223,679 shares, the last trade was called at $11.16.
*The company has a 52-week high of $20.7. The company has a market cap of $1,011 million and there are 90,634,000 shares in outstanding.
*The 52-week low of the share price is $8.78.
September 24, 2015
Weibo Corporation (NASDAQ:WB) should head towards $19 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $16 per share. The higher price estimate target is at $22 according to the Analysts.
Weibo Corporation (NASDAQ:WB) has received a hold rating for the short term, according to the latest rank of 3 from research firm, Zacks. The shares could manage an average rating of 2.35 from 2 analysts. As per the latest data, 1 analysts has given a sell rating on the shares of the company. 1 market experts have marked it as a strong buy.
Many analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Summit Research, upgrades their rating on the shares of Weibo Corporation (NASDAQ:WB). Summit Research has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest report, the brokerage house announces the price target to $14 per share. The rating by the firm was issued on August 27, 2015.
Weibo Corporation (NASDAQ:WB) witnessed a decline in the market cap on Wednesday as its shares dropped 4.94% or 0.58 points. After the session commenced at $11.72, the stock reached the higher end at $11.72 while it hit a low of $11.13. With the volume soaring to 223,679 shares, the last trade was called at $11.16. The company has a 52-week high of $20.7. The company has a market cap of $1,011 million and there are 90,634,000 shares in outstanding. The 52-week low of the share price is $8.78.
Weibo Corporation has dropped 7.39% in the last five trading days, however, the shares have posted positive gains of 15.41% in the last 4 weeks. Weibo Corporation has dropped 41.36% during the last 3-month period . Year-to-Date the stock performance stands at -21.63%.
Weibo Corporation (Weibo) is a social media platform for people to create, distribute and discover Chinese-language content. Weibo provides ways for people and organizations to publicly express themselves in real time, interact with others on a massive global platform and stay connected with the world. The Company allows users to share a feed and any user can follow other users. Each feed is limited to 140 Chinese characters and may attach multimedia including photos, songs and videos. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. The simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream. The Company operates in two segments: advertising and marketing services and other services.
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