Dallas, Texas 04/24/2014 (FINANCIALSTRENDS) – SINA Corp (NASDAQ:SINA) has offered new options for the trade market, in line for the Dec 20, expiration. Experts believe the 241 days will allow investors higher options as it provides higher opportunity in terms of sellers for puts as well as calls.
SINA Corp (NASDAQ:SINA) is waiting for the grand turnaround, following the successful listing of the US stock market in the second week of April this year. On 17 March, 2014, the stock prices were $16.27 per share as against the $17 price for each company.
SINA Corp (NASDAQ:SINA) has in the past few weeks been on a downward slide, reporting over 4.62% drop. The stock has dropped on the prices per share as well, with the stock reporting 2.58 price drop closing the previous session at prices of $53.27.
SINA Corp (NASDAQ:SINA) stock had started the trading session at prices of $55.47. The market cap for the company is currently at 3.55billion. The profit to earnings ratio for this company is 83.06. The EPS for this stock is 0.64, while the outstanding shares this company own is to the tune of 66.64 million. Beta for the stock is 1.85. SINA Corp (NASDAQ:SINA), came into formation in 1997, with the intention to provide online media services for Chinese communities. The stock has proved to be a success on the digital media platform, with its network called as Sina.com and a similar platform called SINA.cn or the mobile platform. It also own and operates Weibo.com which is the social media platform.
Sina Corp has been managing various media platforms for several years now. The key feature of this company has been its focus on developing and adopting new technology as well as features which find high social engagement. The new option call will bring in much needed financial points to offer the much higher and assorted service features.