Friday, April 22, 2011

Sina Corp. (SINA) Called @ $65 Hit $147

Sina Falls Most in a Month After Goldman Cuts Rating to ‘Sell’

Sina Corp., which owns the Twitter- like Weibo service in China, fell the most in a month after Goldman Sachs Group Inc. downgraded the company’s shares to “sell.”
The shares slid 4.9 percent to $135.86 at 11:45 a.m. in New York trading, after losing as much as 8.6 percent earlier, the biggest intraday decline since March 15. Goldman analysts led by Catherine Leung cut the company’s rating from “neutral” in a research note today, saying the share price fully reflects the company’s value.

Current PPS:  $133
No Current PPS Target
Click here for chart 

"SINA $85.00, looks like the next BIDU "
"SINA would be a good entry @ $65 " 
"SINA $100.00 Breach Coming " 

 

No comments:

Post a Comment