Bilibili (BILI) shares soared 11% in the last trading session to close at 12.75.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s9.712.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.7% gain over the past four weeks.Bilibili is benefiting from an expanding user base. At the end of fourth-quarter 2023, average daily active users (DAUs) were 100.1 million, up 8% year over year.This Chinese video sharing website is expected to post quarterly loss of 12.75.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s9.70.17 per share in its upcoming r ...
BILIBILI(BILI) Zacks Investment Research·2024-04-25 18:35