Momo Inc. (symbol: MOMO) was one of the biggest winners of the trading day
today (2016-08-01), gaining 9.15%. The number of shares that changed hands
was 1,702,032, or about 1.3 times the average daily volume in the stock.
The closing price was $14.44, amounting to a market cap of $2,560,000,000,
about -15.06% off the highest price in the last 12 months. The stock has
been trading at a range between $6.72 and $17.0.
MOMO is in the Computer Software: Prepackaged Software industry, part of
the Technology sector. It first went public in 2014.
Looking at its valuation, the stock is now trading at 240.67 times earnings.
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