Market Overview

NetEase Smashes Former All-Time High After Q4 Beat


NetEase Inc (ADR) (NASDAQ: NTES) shares are trading higher by $32.15 (12 percent) at $294.00 in Thursday's session. The Chinese technology company operates an interactive online community and provides content in the Chinese language for online games and advertising services, email and other areas related to e-commerce.

After the close on Wednesday, the company reported a Q4 EPS beat of $1.00 along with a sales beat of $116 million.

Following a much higher open, well above its former all-time high from October at $272.58, it retreated to $278.80 before continuing its move higher. The ensuing rally took the issue to $295.10, but has backed off that elevated level.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (NTES)

View Comments and Join the Discussion!

Hasbro's CEO Brushes Off Border Tax Concerns

Shopify Remains The Best Way To Play Secular Trends Shaping Digital Commerce