The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! The stock decreased 6.05% or $0.19 during the last trading session, hitting $2.95. About 6.81 million shares traded hands or 136.46% up from the average. Fang Holdings Ltd (NYSE:SFUN) has declined 44.52% since April 4, 2016 and is downtrending. It has underperformed by 45.61% the S&P500.
The move comes after 7 months negative chart setup for the $1.38 billion company. It was reported on Nov, 4 by Barchart.com. We have $2.68 PT which if reached, will make NYSE:SFUN worth $124.20 million less.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Monday, October 19, the company rating was downgraded by Credit Agricole. The rating was initiated by Brean Capital with “Hold” on Tuesday, June 7. The firm has “Overweight” rating by Morgan Stanley given on Monday, March 21. On Monday, August 10 the stock rating was downgraded by Credit Agricole to “Outperform”. The stock has “Buy” rating given by Nomura on Wednesday, August 10. The rating was upgraded by Credit Agricole to “Buy” on Thursday, September 3. The firm has “Sell” rating by CLSA given on Friday, August 26. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Buy” rating given on Monday, August 10 by CLSA. The firm has “Buy” rating given on Tuesday, August 4 by TH Capital. On Monday, October 19 the stock rating was downgraded by CSLA to “Outperform”.
According to Zacks Investment Research, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China.”
Another recent and important Fang Holdings Ltd (NYSE:SFUN) news was published by Streetinsider.com which published an article titled: “Form 6-K Fang Holdings Ltd For: Sep 23” on September 23, 2016.
SFUN Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, incorporated on June 17, 2004, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services.
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