Weibo Corp (WB) stock is higher by 0.22% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What’s Happening With WB Stock Today?
Weibo Corp (WB) stock is trading at $18.45 as of 2:38 PM on Thursday, Dec 22, a loss of -$0.11, or -0.62% from the previous closing price of $18.57. The stock has traded between $18.30 and $18.96 so far today. Volume today is low. So far 432,815 shares have traded compared to average volume of 1,420,348 shares. To see InvestorsObserver’s Sentiment Score for Weibo Corp click here.
More About Weibo Corp
Weibo is the largest social media platform in China. As of 2020, Weibo had 521 million monthly active users and 225 million daily active users, many of whom are drawn there by the millions of key opinion leaders in entertainment, sports, and business circles. Sina is the major shareholder, holding 44.7% of shares and with 70.8% voting power; Alibaba holds 29.8% of shares and 15.7% voting power. Click Here to get the full Stock Report for Weibo Corp stock.
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