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Cheetah Mobile (NYSE:CMCM) Shares Cross Below 50-Day Moving Average - Here's What Happened
Cheetah Mobile (NYSE:CMCM) shares have fallen below their 50-day moving average, trading as low as $5.52 compared to a $6.50 average. The stock, which has a market cap of $171.8 million and a negative P/E, has received a “Sell” rating from Weiss Ratings and maintains an average “Sell” rating from analysts. Despite some institutional purchases by firms like Goldman Sachs and Jane Street, only about 0.41% of the stock is owned by institutional investors.