Xunlei Limited (XNET)’s Trend Up, Especially After Today’s Strong Session

December 11, 2017 - By Marie Mckinney

The stock of Xunlei Limited (NASDAQ:XNET) is a huge mover today! The stock increased 22.07% or $2.6443 during the last trading session, reaching $14.6243. About 9.98M shares traded or 49.83% up from the average. Xunlei Limited (NASDAQ:XNET) has declined 39.93% since December 11, 2016 and is downtrending. It has underperformed by 56.63% the S&P500.
The move comes after 5 months positive chart setup for the $973.13 million company. It was reported on Dec, 11 by Barchart.com. We have $15.21 PT which if reached, will make NASDAQ:XNET worth $38.93 million more.

More notable recent Xunlei Limited (NASDAQ:XNET) news were published by: Fool.com which released: “Why Xunlei Limited Stock Just Jumped 20%” on November 16, 2017, also Seekingalpha.com with their article: “Xunlei Limited (XNET) CEO Lei Chen Q3 2017 Results – Earnings Call Transcript” published on November 16, 2017, Seekingalpha.com published: “Xunlei Limited: Day Trader Price Spike Soon To Reverse” on November 27, 2017. More interesting news about Xunlei Limited (NASDAQ:XNET) were released by: Fool.com and their article: “Why Xunlei Ltd. Stock Plunged Today” published on November 29, 2017 as well as Livetradingnews.com‘s news article titled: “Xunlei Ltd (NASDAQ:XNET) Stock Price Jumps Over 24%” with publication date: November 21, 2017.

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company has market cap of $973.13 million. The companyÂ’s platform is based on cloud computing that enables users to access, manage, and consume digital media content. It currently has negative earnings. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

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