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Oppenheimer & Co Inc Announces Successful Conclusion Of 24th Annual Technology Conference
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Oppenheimer & Co Inc Announces Successful Conclusion Of 24th Annual Technology Conference
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
E-commerce in China is growing at a substantial rate with an increase in internet penetration in the country. Earlier this year, a World Economic Forum report cited data from Statista and eMarketer, stating that more than 50% of global Internet retail sales comprised Chinese e-commerce. According to eMarketer, e-commerce in China is expanding at a faster pace than anywhere else in the world. Using the TipRanks Stock Comparison tool, let us compare two Chinese e-commerce companies, Alibaba, and P
Author Bio
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares
Aurora Mobile (NASDAQ:JG) were rising today after an analyst initiated coverage of the company with an outperform rating.
The tech stock spiked by as much as 29% today and was up by 14% as of 1:37 p.m. EDT.
So what
Oppenheimer analyst Bo Pei started coverage of the company late yesterday and put an outperform rating on the stock with a $6 price target.
Image source: Getty Images.
That was enough to send Aurora s shares skyrocketing today, but investors may want to take today s spike with a grain of salt. The company s share price has experienced some huge gains over the past year, only to see the stock pull back.
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