Sina, Weibo Seesaw As China Stock Market Sags

By | August 19, 2015

Scalper1 News

Sina (SINA) stock seesawed Wednesday, after the Shanghai-based Web portal late Tuesday reported its fifth straight quarter of declining earnings per share that still beat Wall Street estimates, as the company wrestles with competition and China’s economic woes. Sina stock fell as much as 3.5% Wednesday but was up nearly 2% in late-afternoon trading in the stock market today, above 39. Sina stock is off 37% since hitting a 16-month high of 61.25 in Scalper1 News

Scalper1 News