SINA price target lowered to $65 from $100 at Brean Capital Brean Capital lowered its price target on SINA (SINA) to $65 following its Q1 results. The firm maintains its Buy rating on the shares and considers it an undervalued asset, citing its investment in Weibo (WB), large cash balance, and investments in multiple assets.
SINA calls active as shares move off lows on renewed takeover speculation SINA March 33 and 34 weekly calls are active on 6K contracts (1K puts) amid renewed takeover speculation. March weekly call option implied volatility is at 48, April is at 30, May is at 33; compared to its 26-week average of 37 according to Track Data. Active call volume suggests traders taking positions for large price movement.