Weibo Corp (NASDAQ: WB). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WB is expected to continue to be an important Value Builder.
Weibo has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Weibo has a very high Appreciation Score of 92 but a poor Power Rating of 22, with the Neutral Value Trend Rating the result.
Recent Price Action
Weibo Corp (NASDAQ: WB) stock closed at $9.91 on 9/27/24 after a very large increase of 7.5%. Moreover, exceptionally high trading volume at 425% of normal accompanied the advance. The stock has risen 27.7% during the last week but has been weak relative to the market over the last nine months.
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