Sina Corp. (NASDAQ:SINA) is aiming to raise roughly $500 million in a second-quarter U.S. initial public offering of the Twitter -like service, according to two people with direct knowledge of the deal.Sina—which is already listed in the U.S.—has hired Credit Suisse AG and Goldman Sachs Group Inc. to handle the U.S. listing, one person said. The Financial Times reported the Weibo IPO plans earlier Monday. SINA Corp (NASDAQ:SINA) stock opened at $72.50 in last session, and closed at $68.98, while the day range of stock is $68.14 – $72.79. The stock showed a negative weekly performance of -6.06%.
SolarCity Corp (NASDAQ:SCTY) rose to an all-time high of $83.79 on Tuesday, one day after the stock dipped in conjunction with the energy company’s announcement that it would delay the release of its fourth quarter results. SolarCity Corp (NASDAQ:SCTY) stock opened at $76.82, in last session and closed at $81.18, by gaining 3.35%. The 52 week range of the stock is $15.88 – $83.79. Company’s market capitalization is $6.75 billion.
DARA BioSciences Inc (NASDAQ:DARA) rallied Tuesday after the U.S. Food and Drug Administration granted orphan-drug status to the company’s KRN5500 drug candidate for the parenteral treatment of painful, chronic, chemotherapy-induced peripheral neuropathy. DARA Biosciences Inc (NASDAQ:DARA) stock advanced 23.11% and finished the last session at $3.09. The EPS of the stock remained -2.06. Company’s market capitalization is $19.20 million.
TriQuint Semiconductor (NASDAQ:TQNT) saw strong trading volume on Tuesday after Canaccord Genuity raised their price target on the stock from $8.00 to $13.00, American Banking and Market News reports. TriQuint Semiconductor (NASDAQ:TQNT) stock opened the session at $11.45, and closed the session at $11.50. The 52 week range of the stock remained $4.31 – $11.84 and the day range was $11.29 – $11.69.
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