|Bid||5.93 x 1100|
|Ask||5.94 x 900|
|Day's Range||5.87 - 6.12|
|52 Week Range||1.40 - 11.00|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Chinese mobile advertising specialist Aurora Mobile (NASDAQ: JG) were trading sharply higher on Tuesday. It wasn't immediately clear why, though investor confusion in the wake of a deal announced by another company that shares the Aurora name may have been a factor. As of 2 p.m. EST, Aurora Mobile's stock price was up about 11.5% from Monday's closing price.
Shares of Aurora Mobile (NASDAQ: JG) surged on Friday after the mobile software developer announced a partnership with rapidly expanding TikTok rival Kuaishou Technology. By the close of trading, Aurora Mobile's stock price was up 25% after rising as much as 176% earlier in the day. Aurora Mobile will work with Kuaishou to boost its advertising monetization efficiency.
Shares of Aurora Mobile (NASDAQ:JG) stock are taking off on Friday after news of a partnership agreement with Tik-Tok competitor Kuaishou Technology. Source: Shutterstock According to the release, Kuaishou Technology is touted as “China’s leading short video content community and social platform.” The technology company is backed by China-based Tencent Holdings (OTCMKTS:TCEHY) and actually had its initial public offering (IPO) on Friday in Hong Kong. In fact, the IPO raised 41.28 billion Hong Kong dollars ($5.32 billion). 8 Biometric Stocks to Consider as We Eye a Return to Normal That said, overall, Aurora Mobile is hoping this deal will help improve its advertising monetization efficiency. The firm also said that by “leveraging its powerful artificial intelligence [AI] and advanced analysis technologies, Aurora Mobile’s advertisement SaaS [Software-as-a-Service] services will enable Kuaishou to help brands and performance-based advertisers” in multiple ways.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Additionally, here’s a bit more information on the JG stock deal: “According to the cooperation agreement, Aurora Mobile will benefit from a revenue share agreement based on advertising revenues allocated to Kuaishou if the labels provided by Aurora Mobile are used by advertisers on the platform. The partnership creates the opportunity for more extensive and deeper cooperation in the future, and Aurora Mobile believes that its innovative technology solutions will further empower Kuaishou’s ability to monetize traffic and help more advertisers improve brand marketing and operational efficiency.” JG stock was up 63.2% as of Friday morning. On the date of publication, Nick Clarkson did not have (either directly or indirectly) any positions in the securities mentioned in this article. Nick is a web editor at InvestorPlace. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Stock for the Green Energy Boom The post JG Stock: Watch Out, TikTok? Why Aurora Mobile Is Skyrocketing Today appeared first on InvestorPlace.