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Weibo (WB) stock shot up Thursday after the China-based microblog got upgraded to buy from hold by Summit Research / W.R. Hambrecht, citing Weibo’s user growth, as a bevy of China Internet stocks were rebounding. Weibo stock was up nearly 9% in midday trading in the stock market today, near 12, after shares had plunged 20% in Monday’s rout to an all-time low. Weibo remains below its IPO price of 17, is down 19% this year and is off 55% from its Scalper1 News
Scalper1 News