Sina Corporation (SINA) : Traders are bullish on Sina Corporation (SINA) as it has outperformed the S&P 500 by a margin of 3.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.99% in the last 1 week, and is up 10.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Sina Corporation (NASDAQ:SINA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.35 and $52.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.07, notching a gain of 5.84% for the day. The total traded volume was 1,058,890 . The stock had closed at $52.03 on the previous day.
The stock has recorded a 20-day Moving Average of 6.44% and the 50-Day Moving Average is 8.62%. SINA Corporation is up 7.98% in the last 3-month period. Year-to-Date the stock performance stands at 11.48%.
SINA Corporation is an online media company serving China and the global Chinese communities. The Company operates its business through three business segments: SINA Portal, Weibo and other businesses. Its digital media network of SINA.com, SINA mobile and Weibo enables Internet users to access media and users generated content (UGC) in multi-media formats from personal computers and mobile devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its region-specific Websites and a range of complementary offerings. Its mobile portal, SINA.cn, provides news information and entertainment content from SINA.com customized for mobile users in WAP (mobile browser) and mobile application format, such as SINA News, SINA Sports, SINA Finance, SINA Entertainment and SINA Blog. Weibo is a social media platform for people to create, distribute and discover Chinese-language content.