SINA Rises On Unusually High Volume (SINA)

SINA Corporation (Nasdaq:SINA) is trading at unusually high volume Thursday with 4.4 million shares changing hands. It is currently at two times its average daily volume and trading up $3.89 (+6.5%).
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

SINA Corporation

(Nasdaq:

SINA

) is trading at unusually high volume Thursday with 4.4 million shares changing hands. It is currently at two times its average daily volume and trading up $3.89 (+6.5%) at $64.03 as of 3:21 p.m. ET.

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SINA has a market cap of $3.88 billion and is part of the technology sector and internet industry. Shares are up 15.7% year to date as of the close of trading on Wednesday.

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China.

TheStreet Ratings rates

SINA

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year. You can view the full

SINA Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center

.

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