Scalper1 News
Four recent tech IPOs hit new highs Friday, with Cheetah Mobile (CMCM) showing the biggest pop, with TrueCar (TRUE) racing close behind. JPMorgan initiated coverage on Cheetah Mobile Friday with an overweight, or buy, rating and a price target of $26. Cheetah Mobile stock rose 22%, or 3.56, to close at 19.75, in the stock market today. Cheetah Mobile, a spinoff of China-based software company Kingsoft, provides a suite of free mobile and PC Scalper1 News
Scalper1 News