Top Chinese Stocks Massively Higher in New York
With Shanghai posting a massive rally, there are many big stocks on the move that trade in the United States that are really Chinese outfits. That is what happens when Shanghai rises almost 6% and Hong Kong’s Hang Seng was up almost 4%.
24/7 Wall St. has decided to pull the biggest American depositary share (ADS) movers from China as of Thursday morning. These have to be traded either on the Nasdaq or New York Stock Exchange, so we avoided all over-the-counter and other penny stocks. They had to have traded at least 1 million shares and have a market cap of $250 million or more.
These are the top Chinese players on the move this Thursday.
AirMedia Group Inc. (NASDAQ: AMCN) operates out-of-home advertising platforms, primarily in the People’s Republic of China. Shares were up 22% at $4.55 Thursday morning, against a 52-week trading range of $1.65 to $7.70. AirMedia’s market cap is still very small at $277 million.
SINA Corp. (NASDAQ: SINA) is an online media company with online brand advertising in China. Its market cap is $2.86 billion, based on its gain of 13.5% to $49.03. It has a 52-week range of $31.92 to $61.25.
500.com Ltd. (NYSE: WBAI) provides online sports lottery services in the People’s Republic of China. Its shares were last seen up 19% at $20.26, against a 52-week range of $7.31 to $42.28. On last look, the market cap here was right at $700 million.
Cheetah Mobile Inc. (NASDAQ: CMCM) operates a platform offering mobile and PC applications for users and content distribution channels for business partners in China. Its shares were last seen up 15% at $26.47, within a 52-week range of $14.76 to $36.63, and its market cap is $3.6 billion.
Noah Holdings Ltd. (NYSE: NOAH) offers wealth management services for high net worth individuals and companies in China. Noah shares were up almost 19% at $25.63, against a $12.89 to $37.96 range in the past year. Noah’s market cap is $1.45 billion.
Weibo Corp. (NASDAQ: WB) is a social media platform for people to create, distribute and discover Chinese-language content. It was up 16% at $15.57, and the 52-week range is $12.11 to $26.08. Weibo’s market cap is $3.2 billion.