Can Vipshop Stock Keep Going After Last Week's 12% Pop?
Just when it seems as if Vipshop Holdings (NYSE: VIPS) is starting to lose its winning touch, the Chinese fashion discounter finds a way to get back in vogue. Shares of Vipshop moved 12.2% higher last week, an impressive feat after kicking things off last Monday by hitting a three-year low.
There was no company-specific news triggering the rally that thrust it back into the double digits after a brief dip below $10 earlier in the week. Momentum plays a major role in Vipshop's moves. The stock moved higher in each of the first four months of 2017, only to give back most of those gains after double-digit percentage declines in May and June. Vipshop stock had dropped in four of the five weeks -- and six of the past eight -- before last week's recovery. Vipshop carries a one-year beta of 2.07, making it roughly twice as volatile as the S&P 500.
Image source: Vipshop Holdings.
Source: Fool.com
Vipshop Holdings Ltd. ADR Stock
Our community is currently high on Vipshop Holdings Ltd. ADR with 5 Buy predictions and 0 Sell predictions.
With a target price of 18 € there is a hugely positive potential of 53.85% for Vipshop Holdings Ltd. ADR compared to the current price of 11.7 €.
