Sina recently led an initial public offering for Weibo Corp. (NASDAQ: WB) in which it holds a majority stake. The IPO was less than a smashing success and then the government withdrew two of its publication and distribution licenses for what the government said was “lewd and pornographic content.” Weibo Corp (ADR) (NASDAQ:WB) stock performance…
Arena Pharmaceuticals, Inc (NASDAQ:ARNA) shares fell 5.1% during trading on Monday after the company announced weaker than expected quarterly earnings, AnalystRatings Network reports. The company traded as low as $6.82 and last traded at $6.82, with a volume of 4,382,908 shares. The stock had previously closed at $7.19. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock performance was…
Qihoo 360 Technology Co Ltd (NYSE:QIHU), China’s leading Internet security provider, will lease more than “tens of thousands” of servers, according to Tan Xiaosheng, vice-president of Qihoo 360 Technology Co Ltd (NYSE:QIHU). Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock performance was 3.43% in last session and finished the day at $87.69. Traded volume was 2.88million…
Losses April 25 were heaviest in technology companies that have posted the biggest gains of the five-year bull market. Facebook Inc. (NASDAQ:FB), which doubled in 2013, and Netflix Inc, which almost quadrupled, slid more than 5 per cent. Facebook Inc (NASDAQ:FB) stock performance was -5.19% in last session and finished the day at $57.71. Traded…
Shares of Youku Tudou Inc (ADR) (NYSE:YOKU) were the recipient of some unusual options trading activity on Monday. Stock investors acquired 9,653 call options on the stock. Analysts at Goldman Sachs downgraded shares of Youku Tudou Inc (ADR) (NYSE:YOKU) from a “neutral” rating to a “sell” rating in a research note. Youku Tudou Inc (ADR)…
Analysts at Citigroup Inc. raised their price objective on shares of Baidu (NASDAQ:BIDU) from $175.00 to $215.00 in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. Citigroup Inc.’s target price would indicate a potential upside of 26.66% from the company’s current price. Shares of Baidu Inc (ADR) (NASDAQ:BIDU) closed at $172.42…
