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Stock Market & Financial Investment News

News Breaks
March 16, 2014
20:19 EDTSINASINA's Weibo files preliminary prospectus to raise up to $500M in U.S. IPO
Weibo, a social media platform in China and a majority-owned subsidiary of SINA (SINA) filed a preliminary prospectus on Friday for an initial public offering in the U.S. to raise up to $500M. In the filing with the SEC Weibo said, "We will use approximately $250M of the net proceeds we receive from this offering to repay loans we owe to SINA, our parent company and controlling shareholder. We intend to use the remainder to invest in technology, infrastructure and product development, to expand sales and marketing efforts, and for working capital and other general corporate purposes." Shares of SINA were up over 7% in post-market trading on Friday.
News For SINA From The Last 14 Days
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November 17, 2014
07:48 EDTSINAE-House provides additional capital for Shanghai Weidian
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November 14, 2014
10:00 EDTSINAOn The Fly: Analyst Downgrade Summary
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09:25 EDTSINASINA downgraded to Equal Weight from Overweight at Barclays
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09:16 EDTSINAOn The Fly: Pre-market Movers
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08:04 EDTSINASINA price target lowered to $60 from $70 at Piper Jaffray
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07:58 EDTSINASINA downgraded at Stifel
As noted earlier, Stifel downgraded SINA to Hold from Buy and removed the stock from its Select List. The firm downgraded the stock based on a lack of positive catalysts.
07:20 EDTSINASINA downgraded to Hold from Buy at Stifel
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07:15 EDTSINASINA price target lowered to $58 from $67 at Brean Capital
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06:22 EDTSINAStocks with implied volatility above IV index mean; SPLS SINA
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November 13, 2014
16:34 EDTSINASINA expects Q4 revenue $204M-$210M, consensus $214.75M
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16:33 EDTSINASINA reports Q3 EPS 19c, consensus 17c
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15:36 EDTSINASINA technical comments ahead of earnings
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15:29 EDTSINASina Corp November weekly 42 straddle priced for 6.2% move into Q3
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15:18 EDTSINANotable companies reporting after market close
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