What’s in Weibo Corp (ADR) (WB) After Forming Double Top Chart Pattern?

July 18, 2017 - By Vivian Currie

Investors sentiment decreased to 1.22 in 2016 Q4. Its down 2.19, from 3.41 in 2016Q3. It is negative, as 44 investors sold Weibo Corp (ADR) shares while 37 reduced holdings. 52 funds opened positions while 47 raised stakes. 22.23 million shares or 46.89% less from 41.86 million shares in 2016Q3 were reported.
45,000 were reported by Pictet Asset Mgmt Limited. Wealthtrust has 1 shares for 0% of their portfolio. Lord Abbett Com Ltd Limited Liability Company accumulated 24,000 shares. 12,290 were accumulated by Ci Invests. Pnc Fin Inc accumulated 61 shares or 0% of the stock. Pillar Pacific Cap Management Limited Liability holds 0.35% or 55,878 shares. Millennium Limited Co, a New York-based fund reported 217,205 shares. Oberweis Asset Mngmt Inc has invested 0.21% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Mitsubishi Ufj Trust Banking Corp invested 0% in Weibo Corp (ADR) (NASDAQ:WB). D E Shaw & has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Prudential Financial invested 0.05% in Weibo Corp (ADR) (NASDAQ:WB). Nomura Asset Mngmt Ltd reported 1,200 shares. Apriem Advisors has invested 0% of its portfolio in Weibo Corp (ADR) (NASDAQ:WB). Gru One Trading L P reported 55,322 shares or 0.02% of all its holdings. Alta Advisers accumulated 0.15% or 2,000 shares.

The chart of Weibo Corp (ADR) (WB) shows a double top with $78.22 target or 8.00 % above today’s $72.43 share price. The 8 months chart pattern indicates low risk for the $16.10 billion company. It was reported on Jul, 18 by Finviz.com. If the $78.22 price target is reached, the company will be worth $1.29 billion more. Double tops are rare but powerful chart patterns.

The stock decreased 2.53% or $1.88 during the last trading session, reaching $72.43. About 179 shares traded. Weibo Corp (ADR) (NASDAQ:WB) has risen 239.00% since July 18, 2016 and is uptrending. It has outperformed by 222.30% the S&P500.

Weibo Corp (ADR) (NASDAQ:WB) Ratings Coverage

Among 9 analysts covering Weibo Corp (NASDAQ:WB), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Weibo Corp had 15 analyst reports since August 19, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, December 17 by Morgan Stanley. As per Tuesday, November 17, the company rating was maintained by TH Capital. JP Morgan reinitiated the shares of WB in report on Wednesday, August 31 with “Overweight” rating. Summit Research upgraded Weibo Corp (ADR) (NASDAQ:WB) on Thursday, August 27 to “Hold” rating. The stock of Weibo Corp (ADR) (NASDAQ:WB) earned “Buy” rating by Citigroup on Friday, August 5. Morgan Stanley maintained the shares of WB in report on Tuesday, April 19 with “Overweight” rating. As per Wednesday, August 26, the company rating was downgraded by Zacks. The firm has “Hold” rating given on Friday, September 4 by Zacks. Goldman Sachs downgraded the shares of WB in report on Monday, May 16 to “Neutral” rating. The firm has “Neutral” rating by Goldman Sachs given on Thursday, August 11.

More notable recent Weibo Corp (ADR) (NASDAQ:WB) news were published by: Investorplace.com which released: “Why Weibo Corp (ADR) Stock Is Crushing Twitter Inc (TWTR)” on November 21, 2016, also Investorplace.com with their article: “Weibo Corp (ADR) (WB) Stock Pops on Q1 Beat, But Is It Bubblicious?” published on May 16, 2017, Fool.com published: “3 Reasons Weibo Corp. Is a Better Growth Stock Than Momo Inc.” on May 05, 2017. More interesting news about Weibo Corp (ADR) (NASDAQ:WB) were released by: Investorplace.com and their article: “Weibo Corp (ADR) (WB) Stock Is Just Getting Started” published on June 02, 2017 as well as Fool.com‘s news article titled: “5 Reasons I’m Buying Weibo Corp (ADR) Stock” with publication date: January 27, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: