44.21 +0.01 (0.02%)
After hours: 7:59PM EDT
|Bid||44.20 x 1100|
|Ask||44.30 x 1400|
|Day's Range||41.41 - 45.50|
|52 Week Range||15.30 - 46.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||153.39|
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. Netflix has subscriber growth momentum too and now its $177 billion market dwarfs many of its competitors.
When iQiyi, Inc (NASDAQ:IQ) pulled off its IPO in late March, Wall Street was not impressed. Note that IQ stock has gone on to log a sizzling return of 124%. A big part of the move has been the change in the narrative of IQ.
Shares of Chinese streaming company IQiyi Inc. are up 0.5% in midday trading Tuesday on heavy volume, bucking a general downtrend for tech stocks in the session. Shares of fellow Chinese internet stocks that also held recent initial public offerings, including Huya Inc. and Bilibili Inc. are down sharply in Tuesday trading. IQiyi's stock is on pace to close up for the eighth day out of the last nine trading sessions and post yet another record close.
One of the newer and more exciting names on the list red-hot, freshly-public China internet stocks is HUYA Inc – ADR (NYSE:HUYA).Huya stock is one to watch in a group that’s already teeming with possibility. China internet stocks have been red-hot lately. Instead, the latest craze in China internet stocks has centered around a new breed of freshly public China companies that are smaller than the industry titans.
Why the heck is Dropbox Inc (NASDAQ:DBX) soaring so much? DBX stock is up 40% in five trading days and while that type of rally isn’t incomprehensible when there’s a catalyst, there’s seemingly no catalyst here. Chinese stocks are all the rage, so it makes sense why Sogou Inc (NYSE:SOGO), iQiyi, Inc (NASDAQ:IQ) and HUYA Inc – ADR (NYSE:HUYA) are going through the roof.
Since coming public in late March at $18 per share, IQ stock has now risen 140% in less than three months. Like all momentum based stocks, it is impossible to pinpoint exactly how high IQ can climb before reality sets in. Given the recent scorching price action, however, I feel that IQ stock is fast approaching a moment of reckoning.
Facebook shares have more than doubled since coming to market, but these three stocks could be better buys for growth-seeking investors.
If you're looking for a proper entry for runaway China stocks Huya, iQiyi and Bilibili, you may soon get your chance. Meanwhile, Momo is extended but not overheated.
Shares of Chinese streaming company iQiyi Inc. are up 4.4% in Monday morning trading, marking a continuation of the stock's impressive June rally, after the company said it has obtained the broadcasting rights to the four golf majors. IQiyi shares are now up 70% so far in June. The company said it has become "the largest source for professional golf live streaming and video information in China" after acquring the rights to the U.S. Open tournament.
IQiyi short conviction ‘has remained steadfast,’ according to an analystReutersiQiyi split from Baidu in a March IPO. The recent rallies in shares of both Dropbox Inc. and iQiyi Inc. remain somewhat of a mystery, but investors can rule out a short squeeze. Short interest in Dropbox (DBX) hasn’t changed much lately, according to Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners, “so [Friday’s] price move was definitely not short-squeeze related.” Even if a short squeeze were to occur, he argued, it would have “a minimal impact” on the price of Dropbox shares since the stock isn’t shorted much to begin with.
Although able to rally off the morning lows, U.S. equities were under pressure Friday on renewed concerns over a potential trade war with China. Early Monday, stock market futures are down across the board with the Dow Jones Industrial Average set to open 212 points lower. On that note, here are our top stock trades going into this week before the bell Monday.Top Stock Trades for Monday: Adobe (ADBE)
BEIJING , June 16, 2018 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced it had ...
Xiaomi, the Chinese smartphone maker that has reportedly been trying to sell IPO shares at a company valuation of $100 billion, is getting some help from the big run-up in the share price of iQiyi. Nasdaq-traded iQiyi, dubbed “the Netflix of China,” closed at $40.16 on Friday, more than double its listing price of $18 in March. Xiaomi owns roughly 7% of iQiyi, a stake whose value has increased by more than $1 billion during that period to $2 billion on Friday. iQiyi's stock market capitalization was $28 billion at the end of trade yesterday.
NEW YORK, NY / ACCESSWIRE / June 15, 2018 / U.S. market ended mostly higher on Thursday, as rallies from tech sector drove the Nasdaq to new intraday and closing records. The Dow Jones Industrial Average ...
BEIJING, June 15, 2018 /PRNewswire/ -- iQIYI Inc. (IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, announced that it will join hands with famed auteur Chen Kaige to start working on iQIYI's premium online drama "The Eight", representing Chen's first foray into the online drama arena. Chen's cooperation with iQIYI is a testament both to the growing appeal of the drama series format for high-level Chinese directors and the iQIYI platform's ability to attract top talent.
BEIJING, June 15, 2018 /PRNewswire/ -- iQIYI Inc. (IQ) ("iQIYI" or the "Company", and innovative market-leading online entertainment service provider in China, today announced that Taming the Rabbit, a short film the company produced, has been selected for the competition for The Short Film Golden Goblet Award at this year's Shanghai International Film Festival. The film is adapted from a children's book of the same title written by Zheng Yuanjie, a popular fairy tale writer who is often regarded as "China's Hans Christian Anderson." It is among 14 short films out of many productions selected for competition for the prestigious award. Taming Rabbit, a showcase of both good craftsmanship in filmmaking and originality in story-telling, has not only won the nods from the selection committee of China's top film festival, but also showed what the company has achieved in exploring the business potential of original contents.
It’s been one day since the FOMC press conference and announcement that the Federal Reserve will raise interest rates. Despite U.S. stock indexes barely budging, there was a lot of movement below the surface. Let’s look at some of that movement with our top stock trades.
Shares of Chinese streaming company iQiyi Inc. are up 14% in Thursday trading, putting the stock on pace for the best single-day percentage gain in its history. Shares have posted five double-digit percentage gains since the beginning of May. IQiyi, which was split from Baidu Corp. in March, made a number of announcements Thursday, including that it was adding Jane Sun, the Chief Executive Officer of Ctrip.com International Ltd. , as an independent director of its board.
Chinese stocks have been hot over the past few weeks, turning a lot of investors’ heads. While Alibaba Group Holding Ltd (NYSE:BABA) breaking to new highs and JD.Com Inc(ADR) (NASDAQ:JD) ripping higher from critical support have been promising, a new group of Chinese stocks is captivating Wall Street.
If the name iQiyi, Inc (NASDAQ:IQ) doesn’t ring a bell with you, there’s a perfectly good reason. It also doesn’t take aim at the North American market, instead serving China’s fast-growing consumer market. It’s most often compared to Netflix, Inc. (NASDAQ:NFLX).
The Chinese streaming giant's stock is seeing impressive gains thanks to a string of favorable developments and has nearly doubled since its initial public offering.
Ms. Jane Jie Sun, the chief executive officer and a director of Ctrip, has been appointed as an independent director and a member of the audit committee of the board of directors (the "Board") of the Company. Dr. Haifeng Wang, senior vice president of Baidu and general manager of Baidu's AI Group, has been appointed as a director of the Board.