Shares of ChinaNet Online Holdings Inc (NASDAQ: CNET), engaged in providing advertising, marketing and sales management services to small-to-medium enterprises (SMEs) in China, recorded over 16.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. CNET was among the top performers in the U.S. technology sector after gaining 16.0% and closed at $2.17 Wednesday, while recording significant trading volumes of 5.6 million shares. During the past 5-trading sessions, CNET gained 58.4% with daily average trading volumes of 2.6 million shares, while the stock accumulated 47.6% gain during the past one month with daily average trading volumes of 906,910 shares. The stock is up 88.7% year-to-date.
Company Description:
ChinaNet Online Holdings Inc. (NASDAQ: CNET) is full-service media development, advertising and communications company for small and medium companies (SMEs) in China.
1-Year Stock Chart:
Source: Bloomberg
