Perilous Reversal Stock: Weibo (WB)

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Trade-Ideas LLC identified Weibo ( WB) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Weibo as such a stock due to the following factors:

  • WB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.9 million.
  • WB has traded 78,876 shares today.
  • WB is down 4.4% today.
  • WB was up 8.9% yesterday.

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More details on WB:

Weibo Corporation operates as a social media platform for people to create, distribute, and discover Chinese-language content. The company operates through two segments, Advertising and Marketing Services, and Other Services. WB has a PE ratio of 563. Currently there is 1 analyst that rates Weibo a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Weibo has been 758,000 shares per day over the past 30 days. Weibo has a market cap of $3.4 billion and is part of the technology sector and internet industry. Shares are up 23.6% year-to-date as of the close of trading on Tuesday.

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