U.S. Markets open in 3 hrs 35 mins

Why 51job Stock Jumped 13% This Week

Why 51job Stock Jumped 13% This Week

51job (NASDAQ: JOBS) shareholders beat the market this week as the stock gained 13% through trading on Thursday. The Chinese job listing platform sparked optimism on the part of investors after it announced updated details on its proposed merger with Garnet Faith Limited. The stock rallied this week after the company said it has received an updated offer from Garnet Faith Limited that still aims to take the company private, although at a lower buyout price.