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Stock impact report

Why iQIYI, Inc. Stock Jumped 35.3% in January [The Motley Fool]

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: The Motley Fool
Why iQIYI, Inc. Stock Jumped 35.3% in January After steep selloffs at the end of 2018, investors have started warming back up to the streaming video company's stock. Shares of iQIYI ( NASDAQ:IQ ) gained 35.3% in January, according to data from S&P Global Market Intelligence . There wasn't much in the way of company-specific news in the month, but shares rebounded from the big sell-offs that closed out 2018 as overall market sentiment became more positive. IQ data by YCharts . Last year's final quarter saw the market trudge into bearish territory, and growth-dependent Chinese tech stocks were hit particularly hard. Most of iQiyi's big January stock gains were tied to a rebound from big sell-offs at the end of 2018. The Invesco China Technology ETF, which combines 70 different tech stocks from the country into a fund, rose roughly 14% in January -- evidencing strong momentum in the sector. The fund lost roughly 18% of its value from October to December, and iQiyi stock fell roughly Show less Read more
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