Weibo Seen Poised For ‘Strong Growth,’ Alibaba Boost

By | September 18, 2014

Scalper1 News

Weibo (WB) stock rose Thursday after the company got a positive report from an investment bank, which cited the China microblog’s partnership with Alibaba Group, the China e-commerce leader that is poised to launch a U.S. IPO Thursday that could be the biggest ever. Weibo stock was up 2.5% midday in the stock market today, near 22. The company debuted at 17 in its April IPO and rose to 24.48 that day, a price it didn’t top until last week, when Scalper1 News

Scalper1 News