When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SFUN - Fang Holdings: Set To Skyrocket On Rebound From Recent Market Overreactions
Fang Holdings Limited American Depositary Shares
Fang Holdings Limited (NYSE:SFUN) has been the victim of questionable overreactions of late. Splitting from China Index Holdings Limited (NASDAQ:CIH) was a good move that reduced the company’s annual cash drain by 22.2%, yet the market erroneously saw it as a Sell signal. Despite Q1’s Chinese housing market slump and the company’s corresponding earnings report, SFUN was nevertheless in better financial shape. Yet, the market again saw it as a Sell signal. These overreactions put the share price under $1 and prompted a reverse split, which, of course, caused more unwarranted