Weibo Corp
NASDAQ: WB
$9.67
+$0.38 (+4.1%)
Closing price May 3, 2024
WB Articles
Source: courtesy of ChobaniChobani, the top seller of Greek yogurt in the United States, reportedly is exploring its options to raise capital, perhaps by taking the company public or by selling a...
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Ahead of its IPO, Weibo both priced shares at the low end of its expected range of $17 to $19 apiece, and it reduced the number of shares offered. Shares opened even lower, before rising 13%.
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Weibo has priced its initial public offering of 16,800,000 shares at $17 per share for trading on Thursday. What investors will want to keep in mind was that it was expecting to sell 20 million...
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Citigroup, Inc. (NYSE: C) is still in a pinch despite more than a 100% bounce from recent lows, and its still-relatively new CEO is caught right in the middle of a storm he might not escape. This...
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The market is treating Citigroup (C) as if it knows something about the bank’s near-term fortunes and that something is not good. Shares in the bank have been off 21% to $6.60. What is remarkable...
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Wells Fargo & Company (NYSE: WFC) has priced that monster share offering. Rather than $10 billion being raised, it is more like $11 billion. The banking giant priced 407.5 million shares at...
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Barclays (BCS) turned down cash from the UK government. Unlike most large US banks, it did not want to trade independence for money. Companies such as Goldman Sachs (GS), JP Morgan (JPM), and...
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No one with an abacus, a calculator, or a mainframe will ever know what the global credit crisis has cost in real money. Lost jobs means lost tax revenue. Lost bank capital means a drop in share...
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Too many mouths to feed. Someone will have to starve.Now that Henry Paulson has $700 billion and some discretion about how to spend it companies from car manufacturers to airlines want a piece. So do...
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For the period ending October 15, short sellers got out of most banks and brokerage stocks. That is a shame for them. They could have made a killing this week.The short interest in Citigroup (C) fell...
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NCC (NCC) was bought today by PNC in what most people would view as a classic "takeunder" The price of the deal was well below where the shares traded yesterday.NCC’s stock is down 20% on the news....
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No matter where economists look there is no evidence that a recession in the US, EU, and Asia is doing anything but deepening. The stock markets are the least of it. Some of the indexes in the...
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It is a good thing Wachovia (WB) will not have to go it alone. It would not make it.Wachovia reported a net loss in the third quarter of 2008 of $23.89 billion, representing a net loss per share of...
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Wells Fargo & Co. (NYSE: WFC) is the latest of the banking giants to look like the old Citigroup Inc. (NYSE: C) business model. This became the case with the acquisition of Wachovia Corp. (NYSE:...
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According to Reuters, world markets are waiting to see how the bailout of banks in Europe and the US will work.Reuters reports that Japan’s Mitsubishi UFJ Financial Group is looking for more...
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