Notable Price Action: Could Cheetah Mobile Inc (ADR) Change Direction After Today’s Huge Increase?

Notable Price Action: Could Cheetah Mobile Inc (ADR) Change Direction After Today's Huge Increase?

The stock of Cheetah Mobile Inc (ADR) (NYSE:CMCM) is a huge mover today! About 339,547 shares traded hands. Cheetah Mobile Inc (ADR) (NYSE:CMCM) has declined 43.00% since April 13, 2016 and is downtrending. It has underperformed by 46.93% the S&P500.
The move comes after 9 months positive chart setup for the $1.46 billion company. It was reported on Nov, 15 by Barchart.com. We have $14.66 PT which if reached, will make NYSE:CMCM worth $657.00 million more.

Cheetah Mobile Inc (ADR) (NYSE:CMCM) Ratings Coverage

Out of 4 analysts covering Cheetah Mobile Inc (NYSE:CMCM), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Cheetah Mobile Inc has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The company was downgraded on Friday, May 20 by Macquarie Research. On Friday, May 20 the stock rating was downgraded by Credit Suisse to “Underperform”. Morgan Stanley maintained the shares of CMCM in a report on Thursday, March 17 with “Overweight” rating. As per Wednesday, September 30, the company rating was downgraded by Credit Suisse. The stock of Cheetah Mobile Inc (ADR) (NYSE:CMCM) has “Equal-Weight” rating given on Tuesday, April 26 by Morgan Stanley.

According to Zacks Investment Research, “Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the People’s Republic of China.”

More notable recent Cheetah Mobile Inc (ADR) (NYSE:CMCM) news were published by: Fool.com which released: “Why Cheetah Mobile, Inc. (ADR) Stock Plunged Today” on May 19, 2016, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on May 03, 2014, Marketwatch.com published: “Cheetah Mobile Inc. ADR” on July 18, 2011. More interesting news about Cheetah Mobile Inc (ADR) (NYSE:CMCM) were released by: Valuewalk.com and their article: “Cheetah Mobile Inc (ADR) (CMCM) IPO Off And Running” published on May 08, 2014 as well as Investorplace.com‘s news article titled: “Why Cheetah Mobile (CMCM), Raptor Pharmaceutical (RPTP) and Eros International …” with publication date: July 08, 2015.

CMCM Company Profile

Cheetah Mobile Inc., incorporated on July 1, 2009, is a holding company. The Firm and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Firm operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud data analytics engines. For its users, its diversified suite of applications optimizes mobile and PC Internet system performance, and provides real time protection against known and unknown security threats. For its users, the data analytics engines perform real time analysis of mobile applications, program files and Websites on their devices for behavior that may impair system performance or impose security risks.

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