Shares of ChinaNet Online Holdings Inc (NASDAQ: CNET), engaged in full-service media development, advertising and communications, reported over 26.9% increase during each of the past two consecutive trading sessions with significant number of shares exchanging hands. CNET was the top performer in the U.S. technology sector after climbing 29.3% and closed at $3.48 Friday, while recording significant trading volumes of 23.0 million shares. Recently, the company participated in “supporting wings corporate marketing summit” conducted by SINA Corp (NASDAQ:SINA). During the past 5-trading sessions, CNET gained 77.6% with daily average trading volumes of 16.9 million shares, while the stock accumulated over 314.3% during the past one month with daily average trading volumes of 3.7 million shares. The stock is up 314.3% year-to-date.
Company Description:
ChinaNet Online Holdings Inc. (NASDAQ: CNET) is a full-service media development, advertising and communications company for small and medium companies (SMEs) in China.
1-Year Stock Chart:
Source: Bloomberg
