With Shanghai posting a massive rally, there are many big stocks on the move that trade in the United States that are really Chinese outfits. That is what happens when Shanghai rises almost 6% and Hong Kong’s Hang Seng was up almost 4%.
24/7 Wall St. has decided to pull the biggest American depositary share (ADS) movers from China as of Thursday morning. These have to be traded either on the Nasdaq or New York Stock Exchange, so we avoided all over-the-counter and other penny stocks. They had to have traded at least 1 million shares and have a market cap of $250 million or more.
These are the top Chinese players on the move this Thursday.
AirMedia Group Inc. (NASDAQ: AMCN) operates out-of-home advertising platforms, primarily in the People’s Republic of China. Shares were up 22% at $4.55 Thursday morning, against a 52-week trading range of $1.65 to $7.70…
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