Cheetah Mobile Inc. (symbol: CMCM) was one of the biggest winners of the
trading day today (2016-05-24), gaining 10.89%. The number of shares that
changed hands was 2,418,168, or about 2.8 times the average daily volume in
the stock.
The closing price was $10.9, amounting to a market cap of $1,520,000,000,
about -70.03% off the highest price in the last 12 months. The stock has
been trading at a range between $9.5 and $36.37.
CMCM is in the Computer Software: Prepackaged Software industry, part of
the Technology sector. It first went public in 2014.
Looking at its valuation, the stock is now trading at 62.64 times earnings.
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