Weibo Corporation (symbol: WB) was one of the worst losers of the trading
day today (2015-08-24), losing -20.48%. The number of shares that changed
hands was 2,318,683, or about 3 times the average daily volume in the stock.
The closing price was $9.67, amounting to a market cap of $2,000,000,000,
about -62.92% off the highest price in the last 12 months. The stock has
been trading at a range between $8.78 and $26.08.
WB is in the Computer Software: Programming, Data Processing industry, part
of the Technology sector. It first went public in 2014.
Looking at its valuation, the stock is now trading at 2417.5 times earnings.
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