Stock Investors Bid Up Shares of Sina, Up 2.5%

Published on Mon, 05/04/2015 - 12:55
By Adrienne Chilton in Market movers, SINA, market movers, nasdaq:sina, sina

Up 2.5% to $44.50, Sina (NASDAQ:SINA), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.3% higher to 18,069 and the S&P is trading 0.3% higher to 2,114.

Sina (NASDAQ:SINA) has potential upside of 14.8% based on a current price of $44.50 and analysts' consensus price target of $51.11. Sina shares have support at the 200-day moving average (MA) of $39.87 and additional support at the 50-day MA of $35.79.

In the past 52 weeks, shares of Sina have traded between a low of $31.92 and a high of $52.77 and are now at $44.50, which is 39% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 0.78% higher over the past week, respectively.

SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.

By Adrienne Chilton
achilton@fnno.com

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