Wednesday, May 09, 2018 11:43:49 AM
Weibo Corp (NASDAQ:WB) is a leading social media platform for people to create, distribute and discover Chinese-language content. The stock is plunging lower today by 13.5 percent after reporting earnings. Traders should note that the stock is now testing its important 200-day moving average at $110.40. A daily chart close below this major moving average should indicate further downside for the stock in the near term. The next major support level for the stock will be around the $94.00 area. This is where the stock rebounded from a downtrend back in October 2017. Generally, this important area will be defended when retested. This $94.00 area is where I would look to trade WB on the long side.
Nick Santiago
InTheMoneyStocks
Recent WB News
- Weibo Files its Annual Report on Form 20-F • PR Newswire (US) • 04/25/2024 10:13:00 AM
- Weibo Publishes 2023 Environmental, Social and Governance Report • PR Newswire (US) • 04/19/2024 08:04:00 AM
- Weibo to Hold Annual General Meeting on May 22, 2024 • PR Newswire (US) • 04/08/2024 09:45:00 AM
- Weibo Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and Dividend • PR Newswire (US) • 03/14/2024 09:00:00 AM
- Weibo Corporation to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 14, 2024 • PR Newswire (US) • 02/27/2024 09:00:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 12/01/2023 11:05:43 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/30/2023 09:06:47 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/30/2023 09:02:25 PM
- Weibo Corporation Prices Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs • PR Newswire (US) • 11/30/2023 01:56:00 PM
- Weibo Corporation Prices Offering of US$300 Million Convertible Senior Notes • PR Newswire (US) • 11/30/2023 01:55:00 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 11/30/2023 01:40:31 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/30/2023 11:48:32 AM
- Stocks to Watch: Salesforce, Weibo, PVH • Dow Jones News • 11/30/2023 12:18:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 11/29/2023 09:39:58 PM
- Weibo Corporation Announces Proposed Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs • PR Newswire (US) • 11/29/2023 09:21:00 PM
- Weibo Corporation Announces Proposed Offering of US$300 Million Convertible Senior Notes • PR Newswire (US) • 11/29/2023 09:19:00 PM
- Form F-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 11/29/2023 09:10:09 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/29/2023 09:09:07 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 11:02:03 AM
- Weibo Reports Third Quarter 2023 Unaudited Financial Results • PR Newswire (US) • 11/09/2023 09:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/25/2023 10:07:34 AM
- Weibo Corporation to Report Third Quarter 2023 Financial Results on November 9, 2023 • PR Newswire (US) • 10/25/2023 09:00:00 AM
- Crypto this Friday: Mirae Asset and Polygon Boost Tokenization, JPMorgan Explores Digital Token, and more • IH Market News • 09/08/2023 05:25:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/24/2023 10:10:52 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/24/2023 10:08:46 AM
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