Tag: SINA

Major Movers on April 29; CPTS, NIHD, VRX, ACT, SINA, MDSO, GALT

Shares of Conceptus Inc. (NASDAQ: CPTS) rallied about 19.40% by afternoon trade after Bayer AG said that it has agreed to acquire Conceptus in deal estimated at euro 852 million ( $1.1 billion ) as the health-care company looks to gain traction in women contraceptive market. Bayer said that in next 10 days period, it will issue a tender with a proposal to buy all of Conceptus’s stock, valuing each share at $31 in cash, which represents a 20% premium over Friday’s closing stock price. The deal is likely to close by the second quarter of this year.

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China’s Alibaba to Acquire 18% Stake in Sina Corp.’s Weibo Services (SINA)

China’s e-commerce giant, Alibaba announced on Monday that it has agreed to buy 18% stake in the Sina Corporation’s (NASDAQ: SINA) Weibo, a microblogging service, equivalent to Twitter, in a deal estimated at $586 million. The Company said that agreement allows Alibaba to increase its stake to 30% in the future.

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SINA Corp.’s Q4 Results Beat Estimates (SINA)

Although SINA Corp. (NASDAQ: SINA) reported that its fiscal fourth-quarter profit  fell by 75% from the year-earlier quarter due to sluggish advertising revenue growth at its microblogging service Weibo and some investment decisions that went astray, shares climbed on Wednesday as results topped  analysts’ estimations.

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Major Movers on February 20; TOL, DELL, SINA, CDE, JOY

Shares of Toll Brothers Inc. (NYSE: TOL), a Horsham, Pennsylvania-based company engaged in designing, building, marketing and arranging financing for single-family detached and attached homes in luxury residential commodities, are down sharply in trading today even as the company swung to a profit in its fiscal first quarter.

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Sina’s CEO Unveils 2013 Strategy Through a Company-Wide Email (SINA)

Addressing staff through a company-wide email, Charles Chao, Chief Executive of China’s internet-media giant, Sina Corp. (NASDAQ: SINA) charted out company’s strategy for 2013. Chao said that the company’s strategy will revolve around restructuring its business which would allow it to focus on mobile-computing business or “mobile-first” as described by the CEO.

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Sina Considering to Launch New “Service Platform Provider”

Weibo, a microblogging platform of China’s largest internet media company, Sina Corp. (NASDAQ: SINA) is contemplating to introduce “service platform provider”, a third party microblog marketing service provider, according to a report released by Marbridge Consulting.

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Major Gainers and Losers on November 16; PENN, DELL, FB, SINA

Shares of Penn National Gaming Inc. (NASDAQ: PENN), a diversified owner and manager of gaming and pari-mutuel properties, soared in trading today. PENN shares ended the day 28.24% higher at $48.23 on above average volume of 10.59 million. The stock hit a 52-week high of $50.50 in trading today.

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Social Media Stocks on Watch; Zynga Inc. (ZNGA), Facebook Inc. (FB), Groupon Inc. (GRPN), LinkedIn Corp. (LNKD), Renren Inc. (RENN), SINA Corp.

Shares of Zynga Inc. (NASDAQ: ZNGA), a social gaming company engaged in the development, marketing and operation of online social games as live services played over the Internet and on social networking sites and mobile platforms, rose marginally in trading on Friday.

Continue reading Social Media Stocks on Watch; Zynga Inc. (ZNGA), Facebook Inc. (FB), Groupon Inc. (GRPN), LinkedIn Corp. (LNKD), Renren Inc. (RENN), SINA Corp.

SINA Shares Rally on Q2 Results (SINA)

Chinese Internet portal SINA Corporation (NASDAQ: SINA) reported a sharp rise in its second-quarter earnings and revenue, sending the company’s shares sharply higher in trading on Thursday. However, the company cautioned that its rapidly growing Weibo microblog service is not likely to generate significant operating profit for the year.

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Major Gainers and Losers on August 16; SINA Corporation (SINA), Perrigo Company (PRGO), Electronic Arts Inc. (EA), Agilent Technologies Inc.

Shares of SINA Corporation (NASDAQ: SINA), an online media company serving China and the global Chinese communities, are soaring in trading today.

Continue reading Major Gainers and Losers on August 16; SINA Corporation (SINA), Perrigo Company (PRGO), Electronic Arts Inc. (EA), Agilent Technologies Inc.