Is IQ stock underpriced or oversold?
Why iQiyi Stock Rocketed Higher on Tuesday. Shares of iQiyi (NASDAQ: IQ) charged sharply higher on Tuesday, surging as much as 39.4%. For the fourth quarter, iQiyi generated revenue of …
Is iQIYI (IQ) stock on the move Wednesday?
Apr 29, 2022 · IQ | A complete IQ overview by MarketWatch. View the latest market news and prices, and trading information. ... Why Is Baidu (BIDU) Stock Down Today? Mar. …
What happened to tech stocks?
Back in the second half of 2021, Chinese stock's valuations were hammered because of the governmental crackdown, delisting fears, and the slowing economy due …
What to expect from iQiyi’s Q4 earnings?
Nov 19, 2021 · What happened. iQiyi ( IQ -5.03%) shareholders lost ground to the market this week. A poorly received earnings report pushed shares down by over 20% through Thursday while the broader market rose ...
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Mar 25, 2021 · Shares of iQiyi ( IQ 1.56% ) fell today as investors reacted to news that the U.S. Securities and Exchange Commission (SEC) may potentially delist …
Is IQ stock a buy?
Will IQ stock go up?
The 19 analysts offering 12-month price forecasts for iQIYI Inc have a median target of 5.12, with a high estimate of 11.62 and a low estimate of 1.86. The median estimate represents a +73.03% increase from the last price of 2.96.
What does IQ company do?
Is TME a buy?
How much content is iQIYI?
What kind of company is iQ?
Where is iQIYI located?
Investors are concerned about increasing tensions between the U.S. and China
What happened
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
So what
Shares of iQiyi ( NASDAQ:IQ) fell today as investors reacted to news that the U.S. Securities and Exchange Commission (SEC) may potentially delist Chinese stocks that don't adhere to U.S. accounting standards. Investors are also concerned about the increasing regulation of Chinese tech companies by the Chinese government.
Now what
The SEC issued a statement earlier this week about the Holding Foreign Companies Accountable (HFCA) Act, which was set up under the Trump administration. The HFCA act says that any foreign companies that don't comply with U.S. auditing standards for three years could be delisted from U.S. stock exchanges.
Delisting Chinese Stocks: All About the SEC
iQiyi investors should expect some additional share price swings from the company's stock, as well as other Chinese stocks. With the SEC pursuing the use of the HFCA Act and the Chinese government becoming more involved in Chinese tech companies, it's likely that some investors will leave Chinese tech stocks until these tensions ease.
The Bottom Line
On Wednesday, the SEC adopted measures prescribed by the Holding Foreign Companies Accountable Act. This bill was initially signed into law by former President Donald Trump last year. The aim of this piece of legislation is to delist Chinese companies if such companies fail to meet American auditing standards over a period of time.
What happened
While nothing seems to be set in stone right now, this is worrying for investors in Chinese-based, U.S.-listed stocks. Accordingly, it appears that until trade tensions simmer down, this piece of legislation poses a real risk to specific companies.
So what
iQiyi Inc. (NASDAQ: IQ) stock fell 12.2% on Thursday despite a lack of company-specific news. Rather, with shares of the so-called " Netflix of China" up more than 96% in the month leading up to yesterday's close, today's drop is likely the result of traders taking some of their recent profits off the table.
Now what
iQiyi shareholders have enjoyed several 10%-plus single-day moves in recent weeks. Some, like today's, came without meaningful news. And others followed encouraging developments such as analyst upgrades, positive comments on iQiyi's long-term vision from CEO Tim Gong Yu, and the start of its offline movie theater expansion.
