0.28% -0.035

Weibo Corp ADR (WB)

Overview News Price History Option Chain Why WB Down? Discussions Forecast Dividend History

Why is Weibo Corp ADR (WB) Stock down?

We've noticed a 6.95% decline in Weibo Corp ADR (WB) stock during the 2024-04-12 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

30 Nov, 2023:

Shares of Weibo Corp ADR (WB) dropped by 10.69% from $11.32 to $10.11 in the trading on Thursday, November 30, 2023. The reason why WB is down today is due to the company's announcement of a proposed offering involving $300 million in convertible senior notes and ADSs related to the Delta Placement of Borrowed ADSs. These notes carry a 1.375% annual interest rate and offer the option for conversion into the company's ADSs or cash. Holders will have various rights, including redemption, repurchase, and conversion rights. The offering is set to close around December 4, subject to standard conditions.

25 Aug, 2023:

Weibo Corporation's stock dropped by 8.83% after its second-quarter results, due to Bank of America's lowered price target of $19.50. The current trading price stands at $12.49.

https://www.marketbeat.com/instant-alerts/nasdaq-wb-gap-down-2023-08-25/

30 May, 2023:

WB's stock fell 7.42% because the company entered into oversold territory, hitting an RSI reading of 28.5, after changing hands as low as $13.77 per share.

https://www.nasdaq.com/articles/weibo-enters-oversold-territory-wb-0