500.com Ltd (WBAI) Reaches $8.60 After 7.00% Down Move; Interrent Real Estate Investment Trust (TSE:IIP.UN) Had 1 Analysts Last Week

May 23, 2017 - By Winifred Garcia

The stock of 500.com Ltd (NYSE:WBAI) is a huge mover today! About 300,703 shares traded. 500.com Ltd (NYSE:WBAI) has declined 43.18% since May 23, 2016 and is downtrending. It has underperformed by 59.88% the S&P500.The move comes after 9 months negative chart setup for the $361.42 million company. It was reported on May, 23 by Barchart.com. We have $8.00 PT which if reached, will make NYSE:WBAI worth $25.30M less.

Among 4 analysts covering InterRent REIT (TSE:IIP.UN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. InterRent REIT had 15 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 23 by TD Securities. TD Securities maintained the stock with “Hold” rating in Thursday, March 16 report. The company was maintained on Friday, July 29 by TD Securities. The rating was maintained by Scotia Capital with “Sector Perform” on Thursday, March 16. The stock of Interrent Real Estate Investment Trust (TSE:IIP.UN) has “Hold” rating given on Tuesday, November 8 by TD Securities. See Interrent Real Estate Investment Trust (TSE:IIP.UN) latest ratings:

09/05/2017 Broker: RBC Capital Markets Rating: Sector Perform Old Target: $8.25 New Target: $8.50 Target Up
23/03/2017 Broker: TD Securities Old Rating: Hold New Rating: Buy Old Target: $8.50 New Target: $9.00 Upgrade
16/03/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $8.00 Maintain
16/03/2017 Broker: TD Securities Rating: Hold New Target: $8.50 Maintain
05/01/2017 Broker: Canaccord Genuity Rating: Old Target: $8.50 New Target: $8.25 Target Down

500.com Limited is an online sports lottery service well-known provider in China. The company has market cap of $361.42 million. The Firm acts as an aggregator and processor of lottery purchase orders from its registered user accounts and derive substantially all of its revenues from service fees paid to it by provincial sports lottery administration centers for the purchase orders of sports lottery products that it direct to such centers. It currently has negative earnings. The Firm offers an integrated suite of online lottery services, information, user tools and virtual community venues to its users.

Among 2 analysts covering 500.Com (NYSE:WBAI), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. 500.Com had 2 analyst reports since November 13, 2015 according to SRatingsIntel. The firm earned “Strong Sell” rating on Friday, May 12 by ValuEngine.

About 29,780 shares traded. Interrent Real Estate Investment Trust (TSE:IIP.UN) has 0.00% since May 23, 2016 and is . It has underperformed by 16.70% the S&P500.

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