Sina Earnings Pop Higher Nice Short SQUEEZE (VIDEO)
Sina Earnings Pop Higher Nice Short SQUEEZE (VIDEO). Shares rose $5.29 to 56.19 up (10.39%). SINA is finally nearing full-year profitability, but its positive earnings were largely the result of a one-time gain on an investment in another Chinese online information portal. Analysts were divided on interpreting these results, as Jefferies downgraded its call to "hold" while Merrill Lynch upgraded its call to "buy." The stock's still significantly lower than its year-ago price, and there may be further to fall before the company can be consistently profitable.
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