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Stock Market & Financial Investment News

News Breaks
March 18, 2014
08:14 EDTSINASINA downgraded to Hold from Buy at Maxim
Maxim downgraded SINA citing the announcement of the Weibo IPO. The firm believes Alibaba's increased equity ownership of Weibo will negatively affect the Weibo IPO and Sina's ownership will be reduced to approximately 50-51%. The firm believes Weibo's post IPO shareholder structure and Sina's current valuation warrant a downgrade.
News For SINA From The Last 14 Days
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March 25, 2015
10:16 EDTSINASINA 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.
10:07 EDTSINARumor: SINA moves off lows on renewed takeover chatter

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