BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Sina (SINA) upgraded even as FMCN deal falters]]>http://www.bloggingstocks.com/2009/06/25/sina-sina-upgraded-even-as-fmcn-deal-falters/http://www.bloggingstocks.com/2009/06/25/sina-sina-upgraded-even-as-fmcn-deal-falters/http://www.bloggingstocks.com/2009/06/25/sina-sina-upgraded-even-as-fmcn-deal-falters/#commentsFiled under: , , , , , ,

SINA logoSina (NASDAQ: SINA - option chain) shares are rising today after the company was upgraded by Deutsche Bank from Sell to Hold with a price target of $31. This action comes even though Deutsche thinks that Sina's deal for Focus Media Holdings (NASDAQ: FMCN) is getting more likely to fall through. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on SINA.

SINA opened this morning at $30.22. So far today the stock has hit a low of $30.09 and a high of $32.60. As of 11:35, SINA is trading at $32.42 up $2.42 (8.1%). The chart for SINA looks bullish.

Continue reading Sina (SINA) upgraded even as FMCN deal falters

Sina (SINA) upgraded even as FMCN deal falters originally appeared on BloggingStocks on Thu, 25 Jun 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dealFMCNFocus Media HoldingsFocusMediaHoldingsinthenewsinvestors ObserverInvestorsObserveroptionsSinaupgradeThu, 25 Jun 2009 13:20:00 EST