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0 -0.00302114803625382 -0.00302114803625382 -0.00302114803625382 0 0.00060422960725085 -0.00181268882175233 -0.00725075528700912
Stock impact report

INVESTOR ALERT - IQIYI INC (IQ) DROPS PREMARKT ON WOLFPACK REPORT: National Litigation Firm Labaton Sucharow Announces Investigation of IQIYI and Strongly Encourages Investors with Losses ...

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Labaton Sucharow LLP, a leading and award winning investor rights law firm, announces it is developing a proprietary investigation concerning potential securities claims on behalf of shareholders of IQIYI INC (Ticker: IQ) resulting from allegations that IQ may have issued materially misleading business information to the investing public.IQ is a streaming platform considered to be the “Netflix of China.”Wolfpack Research, which describes itself as an “activist research and due-diligence firm”, released a report on Tuesday, alleging that iQiyi “was committing fraud well before its IPO (initial public offering) in 2018 and has continued to do so ever since.”The company pushed back against the report and said it believes it contains “numerous errors, unsubstantiated statements and misleading conclusions and interpretations.”In 2018, iQiyi was spun off from Chinese search giant Baidu in a U.S. IPO that raised over $2.2 billion. Baidu holds a more than 56% st Show less Read more
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