It didn’t take long for stock traders to sour on Weibo Corp (ADR) (NASDAQ:WB), The stock has erased almost all of the 36 percent rally posted in the first three days after its April 16 initial public offering in New York, and traders are lining up to bet against it. The cost to borrow the Chinese microblogging service’s shares to short them is rated a 9 by Markit, the second-most expensive level on the London-based research firm’s scale. Weibo Corp (ADR) (NASDAQ:WB) net profit margin is -74.70% and weekly performance is -10.83%. On last trading day company shares ended up $17.86. Analysts mean target price for the company is $25.00. Weibo Corp (ADR) (NASDAQ:WB) distance from 50-day simple moving average (SMA50) is -9.65%.
GT Advanced Technologies Inc (NASDAQ:GTAT) was falling after missing analysts’ expectations for revenue in the first quarter. For the first quarter, GT Advanced reported a loss of -22 cents a share, in-line with the Capital IQ Consensus Estimate. Revenue fell -61.1% year-over-year to $22.5 million for the quarter. Analysts expected revenue of $26.94 million for the quarter. GT Advanced Technologies Inc (NASDAQ:GTAT) shares fell -7.53% in last trading session and ended the day on $13.20. GTAT Gross Margin is 31.10% and its return on assets is 19.63%. GT Advanced Technologies Inc (NASDAQ:GTAT) quarterly performance is 23.00%.
China Mobile Ltd. (ADR) (NYSE:CHL) shares could climb to $67, from its recent $48, driven by the company’s high-speed network rollout, Barron’s contends in a feature article. The stock also offers a 4% yield, the paper adds. China Mobile Ltd. (ADR) (NYSE:CHL) ended the last trading day at $48.16. Company weekly volatility is calculated as 0.78% and price to cash ratio as 2.70. China Mobile Ltd. (ADR) (NYSE:CHL) showed a positive weekly performance of 2.27%.
AirPatrol Corporation a wholly-owned subsidiary of Sysorex Global Holdings Corp (NASDAQ:SYRX) announced the promotion of Mark Wilson to Vice President, Engineering. Wilson, who has been with the company since its founding in 2008, was previously its director of software of development where he captained the creation of AirPatrol’s mobile device security product, ZoneDefense, as well as its new location-based services platform, ZoneAware. Sysorex Global Holdings Corp (NASDAQ:SYRX) shares moved down -19.59% in last trading session and was closed at $3.90, while trading in range of $3.75 – $4.69.