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SINA - Weibo: Catch The Fall But Be Aware Of The Risk
Sina Corporation
Weibo (WB) is a Chinese internet company that has just appeared on my radar. The company just reported Q2 earnings, and numbers beat expectations. Many followers on SA were calling for the stock to spike the following trading session, but were surprised to see the opposite. Currently, the stock is trading just above 52-week lows and continues to dip. However, the outlook for the business still remains strong.
Before the earnings release, WB closed at $83.47 per share. At the open of the next trading session, the stock spiked shortly to ~$89 per