$SINA announced $500M repurchase program when it was trading at $52-$55. Is management buying down here at $39 where stocks down 30% since?
SINA Corporation is a global Internet media company operating Chinese-language destination sites. The Company offers a network of branded content and services targeting people of Chinese descent worldwide. SINA.com offers online news, entertainment, community, and commerce through web sites that are produced and updated by local teams in China, Hong Kong, Taiwan, and North America.