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.
WB - Should Investors Cheer SINA's $500 Million Buyback?
Weibo Corporation
SINA's (NASDAQ: SINA) stock recently rallied after the Chinese tech company announced a new $500 million buyback plan for the next 12 months, which replaces its previous $500 million buyback plan for 2019.
$500 million equals about 17% of SINA's current market cap, which could give the stock a big boost if it's fully executed. However, investors should note that SINA only spent $82.1 million of its prior authorization to buy back 2.2 million shares last year.