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Fly News Breaks for February 28, 2020
IQ
Feb 28, 2020 | 12:59 EDT
CLSA analyst Elinor Leung upgraded iQIYI to Outperform from Underperform with a price target of $27, up from $23.50. The online entertainment service in China is trading down 9%, or $2.11, to $22.31 in afternoon trading. The coronavirus outbreak is boosting the company's traffic and paying users, Leung tells investors in a research note. The analyst views the company as "resilient" from the coronavirus outbreak and believes it has a strong content pipeline. iQIYI is introducing new fee models and plans to cut monthly subscription discounts to boost 2020 membership average revenue per user, Leung says.
News For IQ;IQ From the Last 2 Days
IQ
Apr 14, 2021 | 08:59 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Galectin... To see the rest of the story go to thefly.com. See Story Here
IQ
Apr 14, 2021 | 07:45 EDT
The deal priced at the bottom of the $15.85-$16.35 range. Credit Suisse acted as sole book running manager for the offering.
IQ
Apr 13, 2021 | 11:25 EDT
Bullish option flow detected in iQiyi with 18,185 calls trading, 1.1x expected, and implied vol increasing almost 25 points to 102.72%. 4/30 weekly 20 calls and Apr-21 17 calls are the most active options, with total volume in those strikes near 8,400 contracts. The Put/Call Ratio is 0.22. Earnings are expected on May 13th.