Nasdaq (MOMO) - Get Reportstock is down by 3.06% to $15.53 in early afternoon trading on Monday, as Chinese stocks fall today. But the reason I call this a positive spin is that the company also pointed out that Momo and Tantan have a high degree of “complementarity.” This basically means that Momo sees each app appealing to different audiences. His extraordinary “stock-picking GPS” strategy found Apple at $1.49. Please disable your ad-blocker and refresh. [CDATA[>*/ And a “significant portion” had yet to come back to big cities. The post Why MOMO Stock Is Falling Today appeared first on InvestorPlace . © 2020, Nasdaq, Inc. All Rights Reserved. Do Not Sell My Personal Information (CA Residents Only). Momo (MOMO) stock is falling in early afternoon trading on Monday as Chinese stocks slip. After surging by over 10% between May 15 and May 19, MOMO stock fell again and is now down 42% for the year. 1125 N. Charles St, Baltimore, MD 21201. All rights reserved. "This is quite unexpected," Gu Yongtao, a strategist at CindaSecurities, told Reuters. And their user base may not have further to grow. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. However, the opportunities that the company sees as growth opportunities may be more challenging than expected. Momo (NASDAQ:MOMO) will report earnings after the market closes on May 28. The idea is that the companies go private in the U.S. and then relist themselves on the Chinese stock market via an IPO, merger or shell company. If you have an ad-blocker enabled you may be blocked from proceeding. Analysts are projecting the company to post earnings of 34 cents a share. Momo MOMO 7.66% shares are trading lower on Friday after the company reported worse-than-expected second-quarter sales results. That would be over 20% less from the 44 cents EPS the company reported for the same period in 2019. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. View Momo Inc MOMO investment & stock information. quotes delayed at least 15 minutes, all others at least 20 minutes. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. )+[a-z]{2,})$/i, failureMessage: "A valid email address is required"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom11 = document.querySelector('#form1783 #field11');var field11 = new LiveValidation(dom11, {validMessage: "", onlyOnBlur: false, wait: 300});field11.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\.