• The Netflix of China enters a bear market

    1 month ago - By Business Insider

    IQiyi is trading down more than 8% on Friday, and 23% from its June high.
    The sell-off comes amid a lack of any headlines and looks to be technical.
    Shares had more than doubled over the past month.
    Watch iQiyi trade in real time here .
    iQiyi , often referred to as the Netflix of China, is getting hit hard for a second straight session. Shares are trading down 8.77% at $35.42 early Friday.
    Two days of heavy selling has erased more than $6 billion of market cap and sent shares down 23% from their June 19 record high of $46.23 a share. A bear market is a drop of 20% or more from a peak.
    The...
    Read more ...

     

  • The Netflix of China enters a bear market

    The Netflix of China enters a bear market

    1 month ago - By Business Insider

    IQiyi is trading down more than 8% on Friday, and 23% from its June high.
    The sell-off comes amid a lack of any headlines, and looks to be technical.
    Shares had more than doubled over the past month.
    Watch iQiyi trade in real time here .
    iQiyi , often referred to as the Netflix of China, is getting hit hard for a second straight session. Shares are trading down 8.77% at $35.42 early Friday.
    Two days of heavy selling has erased more than $6 billion of market cap, and sent shares down 23% from their June 19 record high of $46.23 a share.
    The recent weakness comes amid an absence of...
    Read more ...

     

  • Your first trade for Friday, June 22

    Your first trade for Friday, June 22

    1 month ago - By CNBC

    The "Fast Money" traders share their first moves for the market open.
    Read more ...