Sina (SINA +3%) spikes in afternoon trading on a report Russia's Digital Sky Technology has made a $200M investment in Sina's Weibo microblogging platform. The investment is said to feature a convertible note offering with a conversion price of $65/share, and values Weibo, which now claims over 200M registered users, at roughly $1B.
Resistance level is $55.72 and support level is $50.50.
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