Momo Inc (ADR) Has Another Very Positive Options Trading Session

 Momo Inc (ADR) Has Another Very Positive Options Trading Session

In today’s session Momo Inc (ADR) (MOMO) registered an unusually high (2,264) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MOMO increase. With 2,264 contracts traded and 3384 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MOMO161216C00022500 closed last at: $1.4 or 33.3% up. About 340,500 shares traded hands. Momo Inc (ADR) (NASDAQ:MOMO) has risen 28.38% since April 18, 2016 and is uptrending. It has outperformed by 23.95% the S&P500.

Momo Inc (ADR) (NASDAQ:MOMO) Ratings Coverage

Out of 4 analysts covering Momo Inc (NASDAQ:MOMO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Momo Inc has been the topic of 4 analyst reports since August 31, 2016 according to StockzIntelligence Inc. The stock of Momo Inc (ADR) (NASDAQ:MOMO) earned “Buy” rating by TH Capital on Friday, November 4. The company was initiated on Monday, October 31 by HSBC. As per Wednesday, August 31, the company rating was initiated by JP Morgan. The company was upgraded on Wednesday, October 19 by Morgan Stanley.

According to Zacks Investment Research, “Momo Inc. provides mobile-based social networking platform primarily in the Peoples Republic of China. Its platform includes mobile applications and related features, functionalities, tools and services. The Company offers two types of mobile game services non-exclusive mobile game services and exclusive mobile game services. It also provides membership subscription and other services which include paid emoticons and mobile marketing services. Momo Inc. is headquartered in Beijing, the Peoples Republic of China.”

Momo Inc. is a holding company. The Company operates Momo, a mobile social networking platform. The company has a market cap of $4.11 billion. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, clients and platform partners. It has a 156.46 P/E ratio. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform.

MOMO Company Profile

Momo Inc., incorporated on July 1, 2014, is a holding company. The Firm operates Momo, a mobile social networking platform. The Company’s Momo platform includes its Momo mobile application and a range of related features, functionalities, tools and services that it provides to users, clients and platform partners. Momo users can maintain their relationships through its private and group communication tools, content creation and sharing functions, as well as the offline social activities promoted on its platform. It also offers live music and entertainment broadcasts on its Momo platform. The Momo mobile application, which is available on android, iPhone operating system (iOS) and Windows platforms, enables users to establish social relationships based on locations and interests. Momo offers a personal way for users to discover people nearby, and the Company facilitates the connecting, communicating, interacting, and content sharing with others. Momo features various location and interest features, such as Nearby functions and other functions.

More notable recent Momo Inc (ADR) (NASDAQ:MOMO) news were published by: Investorplace.com which released: “MOMO: Momo Inc (ADR) Stock Drops on Q3 Earnings Report” on November 08, 2016, also Marketwatch.com with their article: “Momo Inc. ADR NASDAQ: MOMO” published on November 20, 2013, Investorplace.com published: “Why Momo Inc (ADR) Stock Is Soaring Today” on October 10, 2016. More interesting news about Momo Inc (ADR) (NASDAQ:MOMO) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on June 09, 2013 as well as Investorplace.com‘s news article titled: “MOMO Stock: Why Momo Inc (ADR) Is Looking REALLY Attractive” with publication date: May 13, 2016.

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