Hot Movers: Weibo Corp (ADR) (NASDAQ:WB), Baidu Inc (ADR) (NASDAQ:BIDU), SINA Corp (NASDAQ:SINA), Sprint Corporation (NYSE:S), AT&T Inc. (NYSE:T)



Sina recently led an initial public offering for Weibo Corp. (NASDAQ: WB) in which it holds a majority stake. The IPO was less than a smashing success and then the government withdrew two of its publication and distribution licenses for what the government said was “lewd and pornographic content.” Weibo Corp (ADR) (NASDAQ:WB) stock performance was 4.25% in last session and finished the day at $19.15. Traded volume was 1.94million shares in the last session and the average volume of the stock remained 4.19million shares.

Baidu Inc (ADR) (NASDAQ:BIDU)’s shares dropped 0.36% to $165.57. The company on May 16 announced the appointment of pioneering Artificial Intelligence (AI) researcher Andrew Ng as Chief Scientist of Baidu. Mr. Ng will lead Baidu Research, with labs in Beijing and Silicon Valley. Baidu made the announcement at the grand opening of its U.S. R&D Center in Sunnyvale, California. Baidu Inc (ADR) (NASDAQ:BIDU) rose 0.80percent to $167.50 Thursday on volume of 2.27million shares. The intra-day range of the stock was $165.52 to $169.59. Baidu Inc (ADR) (NASDAQ:BIDU) has a market capitalization of $58.69billion.

Shares of SINA Corp (NASDAQ:SINA) have been given an average recommendation of “Buy” by the twenty-three analysts that are covering the company, AnalystRatingsNetwork reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $79.29. SINA Corp (NASDAQ:SINA)’s stock on May 29, 2014 reported a increase of 3.48% to the closing price of $46.64. Its fifty two weeks range is $42.40 -$92.83. The total market capitalization recorded $3.11billion. The overall volume in the last trading session was 3.39million shares. In its share capital, SINA has 66.02million outstanding shares.

Sprint Corporation (NYSE:S)and NTELOS Holdings Corp. (NTLS) on May 22 announced that Sprint and NTELOS Inc. (“nTelos”) reached an amended agreement to extend their Strategic Network Alliance (“SNA”) through 2022. Under the agreement, nTelos will continue to serve as the exclusive network provider for Sprint in the SNA territory, which covers approximately 2.1 million people in West Virginia and the western part of Virginia. On Thursday, shares of Sprint Corporation (NYSE:S) advanced 2.61% to close the day at $9.44. Company return on investment (ROI) is -1.70% and its monthly performance is recorded as 14.15%. Sprint Corporation (NYSE:S) quarterly revenue growth is 9.13%.

According to AT&T Inc. (NYSE:T) starting May 21, LG G Optimus Pro users can update their devices to Android 4.4.2 KitKat. The update is available via Over the Air Software Update for E980. Users can also access the new firmware through firmware over the Air or FOTA available through the wireless network of AT&T. The firmware requires 700-800MB space thus it will not affect much of the user’s data usage. AT&T Inc. (NYSE:T) stock performance was 0.14% in last session and finished the day at $35.39. Traded volume was 14.17million shares in the last session and the average volume of the stock remained 29.01million shares. The beta of the stock remained 0.47. AT&T Inc. (NYSE:T) insider ownership is 0.04%.

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