Netease Inc (NASDAQ: NTES) stock closed at $100.96 on 12/9/24 after a major increase of 10.6%. Moreover, this advance was accompanied by unusually high trading volume at 180% of normal. The stock has risen 15.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Netease has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Netease has a neutral Appreciation Score of 56 but a very low Power Rating of 14, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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