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News Breaks
April 25, 2014
10:10 EDTWBWeibo falls, levels to watch
Following the breakdown below support at $22, shares have accelerated to the downside. Shares are off another 3.8% to $19.74. At current price, next support is at $16.26, the post-trading debut low. Resistance is at $20.44, the previous close.
News For WB From The Last 14 Days
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November 30, 2015
07:35 EDTWBMacquarie to hold a summit
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November 19, 2015
10:12 EDTWBSINA still gets no credit for portal business or portfolio, says Piper Jaffray
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06:51 EDTWBSina viewed as best value play in sector, WSJ says
Sina (SINA) continues to be one of the Chinese Internet sector's best value plays and its prospects may improve even more it it furthers its relationship with Alibaba (BABA), Aaron Back of the Wall Street Journal's Heard on the Street says. The company is a majority owner of Weibo (WB), which reported upbeat earnings yesterday and which increased its MAU's this past quarter by 33% to 222M, Back says., on the other hand, is struggling, seeing ad revenue fall 14% year over year in the most recent quarter, the report says. The company aims to turn the business around by next year and will continue to rely on Alibaba, the Journal says. Reference Link
November 18, 2015
16:34 EDTWBWeibo sees Q4 revenue $146M-$149M, consensus $147.21M
16:34 EDTWBWeibo reports Q3 non-GAAP EPS 10c, consensus 6c
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