The9 Ltd
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Communication Services : Entertainment |
Based in China
Company profile

The9 Limited (The9), formerly GameNow.net Limited is a holding company, which is an online game developer and operator. The Company operates in developing and operating online games and related services segment. It develops and operates the business of Fun Box, a home entertainment set top box, which enables online video and video games on television. It offers online games, including massively multiplayer online role playing games (MMORPGs), massively multiplayer online first-person shooter games (MMOFPSs), Web games, social games, mobile games and television games. It is also engaged in mobile advertising and mobile application education businesses. Its training services relate to smart phone application programming training provided to college students in China. It develops and operates mobile advertising platform, Juzi, under its wireless business unit. The Company's online games include Firefall and Song of Knights. Its game under development includes CrossFire 2.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$15.26
Day's Change
-2.36 (-13.39%)
Bid
--
Ask
--
B/A Size
--
Day's High
17.74
Day's Low
15.06
Volume
(Heavy Day)
Volume:
1,725,450

10-day average volume:
1,178,338
1,725,450

Nikola stock drops after Wedbush's Ives cuts price target nearly in half

8:43 am ET April 19, 2021 (MarketWatch)
Print

Shares of Nikola Corp. (NKLA) dropped 1.3% in premarket trading Monday, after Wedbush analyst Dan Ives chopped his price target nearly in half, citing concerns over execution and timing of company's "ambitious" goals. Ives kept is rating on the electric vehicle maker at neutral, which was raised from underperform in February, but slashed his price target to $13 from $25. On Friday, the stock had bounced 3.3% to close at $10.98, after closing at a one-year low the previous session. "Overall we still believe the company's EV and hydrogen fuel cell ambitions are hittable in the semi- truck market, although we still have clear concerns that the execution and timing of these ambitious goals stay on track over the coming years," Ives wrote in a note to clients. "Nikola is a story stock and 'prove me' name for now." The stock has tumbled 28.1% year to date through Friday, while EV leader Tesla Inc. shares (TSLA) have gained 4.8% and the S&P 500 has advanced 11.4%. Ives said he believes a lot of Wall Street's "hype" around the company has been taken out after the slimmed down partnership with General Motors Co. (GM), scratched plans for its Badger pickup and toned-down expectations.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 19, 2021 08:43 ET (12:43 GMT)

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