SINA Weibo still highly relevant to Chinese consumers, says JPMorgan JPMorgan believes that the impact on SINA's Weibo service from Tencent's Weixin bottomed out in 2013 and the firm think's Weibo remains "highly relevant" to Chinese consumers. JPMorgan views Weibo’s spin-off as a near term catalyst for SINA shares and maintains its Overweight rating on the stock.
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.