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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:16 EDTSINASINA downgraded to Hold from Buy at Jefferies
Jefferies downgraded SINA to Hold after its channel checks indicated a lack of advertiser interest in Sina Weibo as a social commerce platform. The firm believes government oversight reduces the likelihood of a Twitter-like platform emerging in China and lowered its price target for SINA shares to $85 from $107.
News For SINA From The Last 14 Days
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April 17, 2014
16:31 EDTSINAOn The Fly: Closing Wrap
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12:00 EDTSINAWeibo opens for trade at $16.27, IPO priced at $17.00
Weibo (WB), a social media platform in China, is a majority-owned subsidiary of SINA (SINA).
11:49 EDTSINAWeibo IPO indicated to open $16.50
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11:47 EDTSINAWeibo IPO indicated to open $16.80
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11:42 EDTSINAWeibo IPO indicated to open $17.00
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11:36 EDTSINAWeibo IPO indicated to open $17.20
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08:03 EDTSINASINA shares undervalued, says Stifel
After conducting a sum of the parts analysis of SINA following the IPO of Weibo, Stifel believes that, based on the company's current stock price, its core portal business and investments in Alibaba Group and 9158.com are being given a negative valuation. The firm notes that SINA's portal business generates estimated annual adjusted EBITDA of about $175M. Stifel lowered its price target on the stock to $80 from $100 and keeps a Buy rating on the stock.
07:20 EDTSINAWeibo grosses $285.6M in IPO with low-end pricing, Bloomberg says
Weibo, the Chinese microblogging service owned by Sina (SINA) and Yahoo's (YHOO) Alibaba, grossed $285.6M in its U.S. IPO after pricing the shares on the lower-side of a marketed range, reported Bloomberg. Reference Link
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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