Weibo (WB) is the Twitter of China. It is actually owned by Sina Corp (SINA) of China.
Weibo’s stock has had quite a run from the August 2015 low. In the following video I analyze WB from an Elliott Wave perspective and provide a target for the top.
Weibo reports earnings tomorrow morning before the bell.
Weibo is a Chinese social media stock that trades in the U.S. under the ticker (WB). It reported earnings today that beat the profit and revenue expectations but the stock dropped 16% on 9.3 million shares.
But it wasn’t the only one. SINA (SINA) also reported earnings that beat and it dropped 13.4%. SINA is a an online media company and part owner of Weibo. Momo (MOMO) is an online dating company in China and it got hit for 4.5% today. Continue reading
In this Asia Update video I look at the Shanghai Composite, Hong Kong’s Hang Seng Index and India’s Nifty 50.
Two China ADRs, Weibo (WB) and Ctrip (CTRP). Continue reading
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