The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! About 2.07 million shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 30.88% since March 11, 2016 and is downtrending. It has underperformed by 36.34% the S&P500.
The move comes after 9 months negative chart setup for the $1.63 billion company. It was reported on Oct, 14 by Barchart.com. We have $3.42 PT which if reached, will make NYSE:SFUN worth $81.50 million less.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was downgraded by CLSA. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Overweight” rating given on Monday, March 21 by Morgan Stanley. The stock of Fang Holdings Ltd (NYSE:SFUN) earned “Outperform” rating by Credit Agricole on Monday, August 10. As per Wednesday, August 31, the company rating was reinitiated by JP Morgan. The rating was initiated by Brean Capital with “Hold” on Tuesday, June 7. The firm has “Buy” rating by TH Capital given on Tuesday, August 4. The stock of Fang Holdings Ltd (NYSE:SFUN) earned “Sell” rating by CLSA on Friday, August 26. Credit Agricole upgraded the stock to “Buy” rating in Thursday, September 3 report. The firm has “Buy” rating by Nomura given on Wednesday, August 10. The rating was downgraded by CSLA to “Outperform” on Monday, October 19.
According to Zacks Investment Research, “SouFun Holdings Limited is a real estate Internet portal and home furnishing and improvement website in China. SouFun obtains its advertisements from online real estate advertisers. It has built a large and active community of users who are attracted by the comprehensive real estate, home furnishing and improvement content available on its portal which form the foundation of the Company’s service offerings. SouFun maintains many offices in order to focus on local market needs and covers many cities providing real estate-related content, search services, marketing and listing services in China. SouFun Holdings Limited is headquartered in Beijing, China.”
More news for Fang Holdings Ltd (NYSE:SFUN) were recently published by: Streetinsider.com, which released: “Form 6-K Fang Holdings Ltd For: Sep 23” on September 23, 2016. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
SFUN Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, incorporated on June 17, 2004, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services.
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