Price Action to Note: What Will Happen to Fang Holdings Ltd Next? The Stock Just Declined A Lot

Price Action to Note: What Will Happen to Fang Holdings Ltd Next? The Stock Just Declined A Lot

The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! The stock decreased 16.35% or $0.56 during the last trading session, hitting $2.89. About 14.14M shares traded hands or 297.19% up from the average. Fang Holdings Ltd (NYSE:SFUN) has declined 40.35% since April 25, 2016 and is downtrending. It has underperformed by 46.36% the S&P500.
The move comes after 5 months negative chart setup for the $1.46B company. It was reported on Nov, 28 by Barchart.com. We have $2.69 PT which if reached, will make NYSE:SFUN worth $102.20M 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. Nomura maintained it with “Buy” rating and $6.79 target price in Wednesday, August 10 report. The firm has “Sell” rating given on Friday, August 26 by CLSA. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Overweight” rating given on Monday, March 21 by Morgan Stanley. On Wednesday, August 31 the stock rating was reinitiated by JP Morgan with “Neutral”. The firm has “Outperform” rating by Credit Agricole given on Monday, October 19. The rating was upgraded by Credit Agricole to “Buy” on Thursday, September 3. The firm has “Outperform” rating given on Monday, August 10 by Credit Agricole. The firm has “Buy” rating by TH Capital given on Tuesday, August 4. On Monday, August 10 the stock rating was downgraded by CLSA to “Buy”. The rating was initiated by Brean Capital with “Hold” on Tuesday, June 7.

According to Zacks Investment Research, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China.”

More recent Fang Holdings Ltd (NYSE:SFUN) news were published by: Fool.com which released: “Why Fang Holdings Ltd. Stock Plunged Today” on November 28, 2016. Also Benzinga.com published the news titled: “Mid-Afternoon Market Update: Fang Holdings Drops Following Q3 Results; Recro …” on November 28, 2016. Seekingalpha.com‘s news article titled: “Fang Holdings opens 9% lower; Q3, outlook challenged” with publication date: November 28, 2016 was also an interesting one.

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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