Shares of Tiger Media Inc (NYSE: IDI), engaged in the business of providing advertising services, recorded over 16.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. IDI was the top performer in the U.S technology sector after gaining 22.3% and closed at $1.17 Friday, while recording significant trading volumes of 334,439 shares. The company has recently announced that it has entered into a definitive agreement to acquire The Best One, Inc. (“TBO”), parent company of U.S. based data solutions provider Interactive Data, LLC. During the past 5-trading sessions, IDI gained 46.3% with daily average trading volumes of 120,148 shares, while the stock accumulated 77.3% gain during the past one month with daily average trading volumes of 64,548 shares. The stock is up 42.7% year-to-date.
Company Description:
Tiger Media, Inc. (NYSE: IDI) is a nationwide multi-platform media company in China which provides advertising services in the out-of-home advertising industry, including outdoor LCD screens, billboards and street furniture. The company’s network attracts advertising clients from a wide range of industries including telecommunications, insurance and banking, automobile, real estate, etc.
1-Year Stock Chart:
Source: Bloomberg
