On April 17, 2014, Weibo Corp (ADR) (NASDAQ:WB), has announced that its initial public offering has raised just $286 million, substantially lower than anticipated. The social media company sold fewer shares than expected – just 16.8 million – at the price of $17, right at the bottom of the projected range. There are a number of factors behind this, from suspicion that the company may at some point be taken over by e-commerce firm Alibaba to concerns about the social media business in general. But there’s another reason, which the company warns about in its SEC filing : that the censorship rules imposed by the Chinese government could adversely affect its business. Weibo Corp (ADR) (NASDAQ:WB), shares after opening at $24.00 moved to $24.24 on last trade day and at the end of the day closed at $23.15. Company price to sales ratio in past twelve months was calculated as 25.48 .
Baidu Inc (ADR) (NASDAQ:BIDU)’s shares dropped 0.91% to $155.80. The company will report its financial results for first quarter ended Mar. 31, 2014, after the U.S. market closes on Apr. 24, 2014. Baidu Inc (ADR) (NASDAQ:BIDU), shares advanced 1.81% in last trading session and ended the day on $163.01. Baidu Inc (ADR) (NASDAQ:BIDU), return on equity ratio is recorded as 45.70% and its return on assets is 25.90%. Baidu Inc (ADR) (NASDAQ:BIDU), yearly performance is 90.30%.
A record number of Qihoo 360 Technology Co Ltd (NYSE:QIHU), call contracts were traded during the busy trading session. There were 4.0 call contracts traded for each put contract yielding a 0.25 put/call ratio where 3,160 put and 12,692 call contracts exchanged hands. Qihoo 360 Technology Co Ltd (NYSE:QIHU), shares moved up 3.48% in last trading session and was closed at $94.67, while trading in range of $ 92.01 – 96.25. Qihoo 360 Technology Co Ltd (NYSE:QIHU), year to date (YTD) performance is 15.38%.
Shares of Sohu.com Inc (NASDAQ:SOHU), were the recipient of a significant decrease in short interest in January. As of March 14th, there was short interest totalling 1,601,696 shares, a decrease of 34.0% from the February 28th total of 2,425,444 shares, AnalystRatingsNetwork.com reports. Approximately 5.3% of the shares of the company are sold short. Based on an average trading volume of 886,637 shares, the days-to-cover ratio is presently 1.8 days. Sohu.com Inc (NASDAQ:SOHU), weekly performance is 5.73%. On last trading day company shares ended up $62.88. Sohu.com Inc (NASDAQ:SOHU), distance from 50-day simple moving average (SMA50) is -10.82%. Analysts mean target Price for the company is $76.61.
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