SINA 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.
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.