Momo Inc. (symbol: MOMO) was one of the biggest winners of the trading day
today (2016-08-31), gaining 6.19%. The number of shares that changed hands
was 6,018,979, or about 3.8 times the average daily volume in the stock.
The closing price was $24.01, amounting to a market cap of $4,550,000,000,
about -0.17% off the highest price in the last 12 months. The stock has
been trading at a range between $6.72 and $24.05.
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 171.5 times earnings.
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