Hot Watch List: SINA Corp (NASDAQ:SINA), Weibo Corp (ADR) (NASDAQ:WB), Sprint Corporation (NYSE:S), AT&T Inc. (NYSE:T), Volkswagen AG (ADR) (OTCMKTS:VLKAY)

Technology Stocks News 2

The country’s Internet censors have taken a more aggressive approach since President Xi Jinping came to power in 2012. Over the past year, the government has cracked down on online commentators, formed a high-level committee to address Internet security, and run an unprecedented antipornography campaign that led to the revocation of two online-publication and distribution licenses held by Internet portal Sina Corp (NASDAQ:SINA). SINA Corp (NASDAQ:SINA) stock performance was 1.38% in last session and finished the day at $44.85. Traded volume was 1.87million shares in the last session and the average volume of the stock remained 4.11million shares. The beta of the stock remained 1.87. SINA Corp (NASDAQ:SINA) insider ownership is 4.81%.

Sina recently led an initial public offering for Weibo Corp. (ADR) (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) rose 0.96 percent to $18.96 Thursday on volume of 817,408.00million shares. The intra-day range of the stock was $18.68 to $19.23. Weibo Corp (ADR) (NASDAQ:WB) has a market capitalization of $6.04billion.

Sprint Corporation (NYSE:S) and T-Mobile are “zeroing in” on terms of a deal that would have Sprint—the 3rd largest wireless carrier in the U.S.—buy T-Mobile—the 4th largest carrier—for US$32 billion. According to The New York Times’s DealBook column, the price has been more or less agreed to, but other aspects of the deal still have to be worked out, and it could be some time before it is announced. Sprint Corporation (NYSE:S)’s stock on June 05, 2014 reported a decrease of -4.04% to the closing price of $9.02. Its fifty two weeks range is $5.15 -$11.47. The total market capitalization recorded $37.07billion. The overall volume in the last trading session was 39.79million shares. In its share capital, S has 3.94billion outstanding shares.

The third- and fourth-largest wireless operators in the U.S., Sprint and T-Mobile, are close to settling on a $32 billion merger, with the deal being announced possibly this summer. Talks are still underway and there is a possibility that the deal could still fall apart, but news of the acquisition suggests a turning point in the long-contemplated merger. The deal will benefit both parties as they have struggled to keep up with Verizon Wireless and AT&T Inc. (NYSE:T), who have at least 100 million subscribers each and continue to grow. On Thursday, shares of AT&T Inc. (NYSE:T) advanced 0.14% to close the day at $35.10. Company return on investment (ROI) is 12.80% and its monthly performance is recorded as -1.10%. AT&T Inc. (NYSE:T) quarterly revenue growth is 9.96%.

Volkswagen AG (ADR) (OTCMKTS:VLKAY), Europe’s largest carmaker, will set up a branch in Taiwan in 2015, as a first step to increase its presence on the island and in Asia, a company executive said Thursday. Volkswagen AG (ADR) (OTCMKTS:VLKAY) stock performance was 2.26% in last session and finished the day at $53.00. Traded volume was 21,030.00million shares in the last session. The beta of the stock remained 1.37.

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