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Stock Market & Financial Investment News

News Breaks
April 25, 2014
09:36 EDTSINASINA confirms receipt of government notices alleging violations of PRC rules
SINA Corporation confimed that it had received three notices from Beijing Municipal Cultural Market Administrative Law Enforcement Unit concerning alleged violations of PRC regulations on the company's distribution of certain unhealthy and indecent literary content on its online reading channel and certain unhealthy and indecent video content uploaded by users on its website. The company was informed that as administrative penalties for these violations, the State Administration of Press, Publication, Radio, Film and Television proposes to revoke the company's Internet Publication License and the License for Online Transmission of Audio-Visual Programs, and Beijing Municipal Cultural Market Administrative Law Enforcement Unit proposes to impose an administrative fine for these violations. It is the company's understanding that these administrative penalties are part of the PRC government's campaign to clean up unhealthy and indecent content on the Internet in China. The company intends to fully cooperate with the relevant government authorities and take appropriate actions as necessary.
News For SINA From The Last 14 Days
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April 1, 2015
10:04 EDTSINAHigh option volume stocks
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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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