SINA Jumps as CEO Buys Big; Stocks Bounce Around After Data Deluge

SINA Corp (SINA) surged after the Chinese media company announced its chairman and CEO Charles Chaeo would purchase 11 million shares in a transaction valued at $456 million. Lumber Liquidators (LL) was higher after assuring investors a change in labeling of some of its hardwood flooring products was due to a supplier error. The company said the products remained compliant with consumer safety laws. Manufacturing activity continued to expand at a solid pace with the ISM Manufacturing Index rising to 52.8, its highest level since February. Economists had expected the measure to rise at a more tempered pace to 51.8.