Why SINA Corp. Stock Soared 65% in 2017 [The Motley Fool]
SINA (SINA)
Last sina earnings: 2/26 05:00 am
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US:NASDAQ Investor Relations:
corp.sina.com.cn/eng/sina_rela_eng.htm
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Source: The Motley Fool
It was a bumpy ride last year for SINA shareholders, but the long-term road led higher. Steve Symington ( TMFSymington ) Jan 17, 2018 at 9:00AM What happened Shares of SINA Corp. ( NASDAQ:SINA ) jumped 65% in 2017, according to data from S&P Global Market Intelligence , as the Chinese internet media leader's quarterly reports consistently exceeded Wall Street's expectations. That's not to say it was a completely smooth ride up for SINA investors. Keeping in mind SINA also climbed nearly 30% in 2016 , its first big move of 2017 was a 12% single-day plunge in late February despite posting particularly strong fourth-quarter 2016 results. IMAGE SOURCE: GETTY IMAGES So what But it didn't take long for SINA to recoup those early losses. To start, shares skyrocketed almost 30% in the month May on the heels of SINA's even better fir
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