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Stock Market & Financial Investment News

News Breaks
November 5, 2012
10:22 EDTSINASINA edges above its 10-day moving average, levels to watch
The shares have edged above its descending 10-day moving average, with next resistance now at $57.10. Support is at $55.43, the 10-day moving average, and then at $53.98.
News For SINA From The Last 14 Days
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April 15, 2014
13:27 EDTSINASina's Weibo not likely to have same debut share increase as Twitter, FT says
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April 11, 2014
09:13 EDTSINAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Fastenal (FAST), up 3%... Wells Fargo (WFC), up 0.2%. ALSO HIGHER: H&R Block (HRB), up 5% after announcing a deal for BofI (BOFI) to acquire H&R Block's bank assets. Bofi up 9.4% after the deal announcement... Zynga (ZNGA), up 1.7% after naming new CFO, shares upgraded to Equal Weight at Morgan Stanley... SINA (SINA), up 2% after announcing up to $500M share repurchase program. DOWN AFTER EARNINGS: JPMorgan (JPM), down 3.7%... NQ Mobile (NQ), down 14.6%. ALSO LOWER: Gap (GPS), down 4% after reporting March SSS fell 6%, shares downgraded at Janney Capital... Voxeljet (VJET), down 16% after 3M share secondary offering priced at $15.00... Datawatch (DWCH), down 29% after cutting its second quarter revenue outlook.
08:31 EDTSINASINA announces up to $500M share repurchase program
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April 10, 2014
08:26 EDTSINASINA licensed to to sell investment products in China, Marbridge Daily says
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April 8, 2014
12:08 EDTSINASINA to unveil wealth management service, China Daily says
Chinese Internet company SiINA is expected to launch an Internet-based wealth management service in the middle of this month, according to China Daily. Reference Link
10:03 EDTSINAOn The Fly: Analyst Downgrade Summary
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07:42 EDTSINASINA downgraded to Neutral from Buy at Mizuho
Mizuho downgraded SINA to reflect the slowdown of the Alibaba contribution and overhang from Weibo's revenue growth outlook. The firm lowered its valuation for Weibo to reflect lack of catalysts, resulting in the SINA downgrade.
April 7, 2014
06:49 EDTSINAWeibo looking to raise over $380M in IPO, NY Times says
SINA's (SINA) Weibo hopes to raise more than $380M in its upcoming IPO and price its shares at $17-$19, Weibo said in its prospectus, according to The New York Times. Known as a "microblog," Weibo has been compared to Twitter (TWTR). Reference Link
April 2, 2014
09:57 EDTSINASINA trades higher following upgrade, levels to watch
Pacific Crest earlier upgraded the shares to Outperform, with an $88 price target. Shares are up over 2% to $62.82. At that price, resistance is at $63.77 and then at $64.89. Support is at $61.78.

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