500.com Ltd (NYSE:WBAI) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.57 and traded as high as $9.65. 500.com shares last traded at $9.54, with a volume of 2,500 shares changing hands.
Separately, ValuEngine raised 500.com from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
The business has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $11.87.
About 500.com (NYSE:WBAI)
500.com Limited, through its subsidiaries, provides online gaming services primarily in the People's Republic of China and Europe. It operates online gaming sites, such as Multilotto.com or Multilotto.net in Curacao, Malta, the United Kingdom, and Ireland, as well as provides users with various casino services, including online slot machines and online table games.
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