Weibo Corp (ADR) (NASDAQ:WB) 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 Market, 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%.
Renren Inc (NYSE:RENN), a leading real name social networking Internet platform in China, announced that it will report its unaudited financial results for the first quarter 2014 on Wednesday, May 21, 2014, after the close of the U.S. markets. Renren Inc (NYSE:RENN) shares advanced 0.30% in last trading session and ended the day on $3.29. RENN Gross Margin is 58.80% and its return on assets is 5.10%. Renren Inc (NYSE:RENN) quarterly performance is 2.17%.
YY Inc. (ADR) (NASDAQ:YY) announced higher net income for the first quarter, driven by a surge in sales and operating margin expansion. The company reported a profit of RMB183.6 million for the first quarter, a jump of 187.2% from RMB63.9 million in the year earlier quarter. YY Inc (ADR) (NASDAQ:YY) shares moved up 1.54% in last trading session and was closed at $52.85, while trading in range of $51.52 – $54.83. YY Inc (ADR) (NASDAQ:YY) year to date (YTD) performance is 5.11%.
Groupon Inc (NASDAQ:GRPN) stock is partially recovering from a week of successive losses driven by a combination of tech sell-offs on the NASDAQ and weaker-than-expected guidance. Groupon Inc (NASDAQ:GRPN) ended the last trading day at $6.05. Company weekly volatility is calculated as 9.06% and price to cash ratio as 3.97. Groupon Inc (NASDAQ:GRPN) showed a negative weekly performance of -14.67%.
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