Published on 23 Nov 2022 on Zacks via Yahoo Finance

JOYY Inc. Sponsored ADR (YY) Is a Trending Stock: Facts to Know Before Betting on It

JOYY (YY) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Over the past month, shares of this social media company have returned +14%, compared to the Zacks S&P 500 composite's +6.9% change. During this period, the Zacks Internet - Services industry, which JOYY falls in, has lost 3.3%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.