Yahoo Finance Today’s Research Reports on Trending Tickers: Sina and Weibo
NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close at 23,957.89, while the S&P 500 Index fell 2.52 percent to close at 2,643.69. The Nasdaq Composite Index declined 2.43 percent to close at 7,166.68. On Thursday, the Trump administration unveiled tariffs totaling up to $60 billion on Chinese products.
"Trump's protectionism is making investors nervous," Dario Perkins, managing director of global macro at TS Lombard, said in a note Thursday, according to CNBC. "Past experience suggests these policies are flawed, while even moderate trade barriers could disrupt today's complex global supply chains."
RDI Initiates Coverage on:
Sina Corporation
https://rdinvesting.com/news/?ticker=SINA
Weibo Corporation
https://rdinvesting.com/news/?ticker=WB
Sina's stock moved 6.78% lower Thursday, to close the day at $109.55. The stock recorded a trading volume of 1,486,246 shares, which was above its three months average volume of 918,496 shares. In the last year, Sina's shares have traded in a range of 68.33 - 124.60. The share price has gained 60.32% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $115.73 is greater than its 200-day moving average of $111.28. Shares of Sina are trading at a Price to Earnings ratio of 52.42. Shares of Sina have fallen roughly 5.12 percent in the past month and are up 9.21 percent year-to-date.
Access RDI's Sina Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SINA
On Thursday, shares of Weibo recorded a trading volume of 3,256,320 shares, which was above the three months average volume of 1,822,073 shares. The stock ended the day 6.96% lower at 124.81. The share price has gained 158.94% from its 52-week low with a 52-week trading range of 48.20 - 142.12. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $130.21 is greater than its 200-day moving average of $113.29. Shares of the company are trading at a Price to Earnings ratio of 80.01. Shares of Weibo have fallen roughly 7.35 percent in the past month and are up 20.64 percent year-to-date.
Access RDI's Weibo Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WB
Our Actionable Research on Sina Corporation (NASDAQ:SINA) and Weibo Corporation (NASDAQ:WB) can be downloaded free of charge at Research Driven Investing.
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