Shares of ChinaNet Online Holdings Inc. (NASDAQ: CNET), engaged in full-service
media development, advertising and communications, soared more than 63% during
each of the past two consecutive trading sessions with a significant number of
shares exchanging hands. CNET was the top performer of U.S. technology sector after skyrocketing 62.7% and closed at its 52-week high of $3.19 Monday, while recording significant trading volumes of 37.5 million shares. Recently, the company announced its interest in working with the e-commerce gaint, Alibaba Group Holding Ltd (NYSE: BABA) with its newly launched product micro-sell 360. During the past 5-trading sessions, CNET gained 253.3% with daily average trading volumes of 12.2 million shares, while the stock accumulated over 192.7% during the past one month with daily average trading volumes of 2.3 million shares. The stock is 279.8% year-to-date.
Company Description:
ChinaNet Online Holdings Inc. is full-service media development, advertising and communications company for small and medium companies (SMEs) in China.
1-Year Stock Chart:
Source: Bloomberg
