Stock Worth Watching: Time to Buy 500.com Ltd After Today’s Big Increase?

Stock Worth Watching: Time to Buy 500.com Ltd After Today's Big Increase?

The stock of 500.com Ltd (NYSE:WBAI) is a huge mover today! About 113,906 shares traded hands. 500.com Ltd (NYSE:WBAI) has declined 4.10% since March 1, 2016 and is downtrending. It has underperformed by 13.34% the S&P500.
The move comes after 8 months positive chart setup for the $811.16M company. It was reported on Oct, 4 by Barchart.com. We have $29.55 PT which if reached, will make NYSE:WBAI worth $470.47M more.

Analysts await 500.com Ltd (NYSE:WBAI) to report earnings on November, 10.

According to Zacks Investment Research, “500.com Limited provides online sports lottery services in China. The company offers a suite of online lottery services, information, user tools, and virtual community venues to its users. It provides its services through its mobile applications to mobile users, as well as through its online platform. 500. com Limited is based in Shenzhen, the People’s Republic of China.”

More notable recent 500.com Ltd (NYSE:WBAI) news were published by: Bloomberg.com which released: “China’s 500.com Jumps on $124 Million Investment From Tsinghua” on June 09, 2015, also Fool.com with their article: “Why 500.com Ltd. Stock Plunged (Again) Today” published on February 25, 2015, Streetinsider.com published: “500.com Ltd. (WBAI) Misses Q1 EPS Views; CEO Man San Law Resigns” on May 19, 2015. More interesting news about 500.com Ltd (NYSE:WBAI) were released by: Prnewswire.com and their article: “500.com Limited Files Annual Report on Form 20-F for Fiscal Year 2014” published on April 27, 2015 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: November 21, 2013.

WBAI Company Profile

500.com Limited, incorporated on April 20, 2007, is an online sports lottery service well-known provider in China. The Firm acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. The Firm offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users. The Firm provides its registered users with a range of lottery sales services that include Individual Lottery Purchase, Lottery Pool Purchase, Automatic Tag-along Purchase, Recurring Purchase and Locked-in Lottery Number Purchase.

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