NEW YORK, January 5, 2017 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com reviews the performances of four Internet Information Providers equities, namely: Weibo Corp. (NASDAQ: WB), Alphabet Inc. (NASDAQ: GOOGL), 58.com Inc. (NYSE: WUBA), and IAC/InterActiveCorp (NASDAQ: IAC). These stocks belong to the Technology sector which continued to add to its small gains from earlier in the day on Wednesday, January 04th, 2017. As per a NASDAQ report, shares of Tech companies in the S&P 500 rose about 0.4% near the close. Learn more about these stocks by downloading their comprehensive and free reports at:
At the close on Wednesday, shares in Beijing, China headquartered Weibo Corp. jumped 3.97%, ending the day at $43.20. The stock recorded a trading volume of 1.51 million shares. The Company's shares have advanced 6.40% on an YTD basis. The stock is trading above its 200-day moving average by 16.79%. Moreover, shares of Weibo, which operates as a social media platform for people to create, distribute, and discover Chinese-language content, have a Relative Strength Index (RSI) of 47.90.
On November 21st, 2016, Weibo reported that Q3 2016 net revenues increased 42% y-o-y to $176.9 million, exceeding the Company's guidance range of $168 million and $173 million. The Company's Q3 2016 advertising and marketing revenue increased 48% y-o-y to $156.7 million. For Q3 2016, net income attributable to Weibo increased 122% y-o-y to $32.1 million, and diluted net income per share was $0.14, compared to $0.07 for Q3 2015.
On December 12th, 2016, research firm CLSA initiated a 'Buy' rating on the Company's stock, with a target price of $62 per share. WB complete research report is just a click away and free at:
Shares in Mountain View, California headquartered Alphabet Inc. ended the day 0.03% lower at $807.77 with a total trading volume of 1.51 million shares. The stock has gained 5.67% in the past month, 0.62% in the previous three months, and 1.93% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 1.33% and 4.70%, respectively. Furthermore, shares of Alphabet, which through its subsidiaries, provides online advertising services in the US, the UK, and rest of the world, have an RSI of 54.63.
On December 21st, 2016, research firm Aegis Capital initiated a 'Buy' rating on the Company's stock, with a target price of $980 per share.
On January 02st, 2017, Fiat Chrysler Automobile and Alphabet's Google demonstrated a seamless integration of the award-winning Uconnect 8.4-inch connected vehicle system featuring Android, at the CES 2017. Fiat Chrysler Automobile is in collaboration with Google regarding the next-generation connected car systems enabled by the power of an open platform and ecosystem of Android. The complimentary report on GOOGL can be downloaded at:
On Wednesday, shares in Beijing, the People's Republic of China headquartered 58.com Inc. finished 1.70% higher at $28.65 with a total trading volume of 857,920 shares. The stock has advanced 2.32% on an YTD basis. The Company's shares are trading below their 50-day moving average by 16.58%. Additionally, shares of 58.com, which operates an online marketplace for local merchants and consumers in the People's Republic of China, have an RSI of 32.01.
On November 09th, 2016, 58.com reported total revenues of $306.5 million for Q3 2016, a 43.9% increase from Q3 2015, in-line with its guidance range of $304.0 million to $311.0 million. 58.com's gross margin was 91.4% in Q3 2016 compared to 93.2% in Q3 2015. For Q3 2016, net loss attributed to 58.com was $29.9 million compared to net loss attributable to 58.com Inc. of $206.0 million in Q3 2015. Sign up for your complimentary research report on WUBA at:
New York headquartered IAC/InterActiveCorp's shares recorded a trading volume of 487,355 shares at the end of yesterday's session. The stock closed the day 1.08% higher at $68.17. The Company's shares have advanced 4.00% in the last one month, 9.39% over the previous three months, and 5.22% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.82% and 16.91%, respectively. Additionally, shares of IAC/InterActiveCorp, which operates as a media and Internet company in the US and internationally, have an RSI of 60.44.
On January 04th, 2017, HomeAdvisor, an operating business of IAC, announced an integration with Honeywell's Home Comfort products to provide on-demand home services to users of the Honeywell Total Connect Comfort (TCC) mobile application. The TCC app will include the capability to leverage HomeAdvisor's patent-pending Instant Connect technology to connect users with a HomeAdvisor prescreened professional in less than a minute. This connection experience - first in the industry - will be available through the Honeywell TCC mobile app in Q1 2017. Get free access to your research report on IAC at:
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