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Stock Market & Financial Investment News

News Breaks
April 17, 2014
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.
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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