Weibo Corporation (symbol: WB) was one of the biggest winners of the
trading day today (2016-05-30), gaining 8.29%. The number of shares that
changed hands was 2,871,769, or about 2.6 times the average daily volume in
the stock.
The closing price was $25.61, amounting to a market cap of $5,310,000,000,
about -0.74% off the highest price in the last 12 months. The stock has
been trading at a range between $8.78 and $25.8.
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 130.66 times earnings.
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