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Why Bilibili Is Flying 18% Higher This Week


Shares of Bilibili (NASDAQ: BILI) were up almost 18% in noontime trading since last Friday's close, according to data provided by S&P Global Market Intelligence, after Morgan Stanley (NYSE: MS) analyst Alex Poon said the Chinese video-sharing website would likely report results above the high end of management's guidance.

He noted that would put the figures in line with what Wall Street has been expecting.

Image source: Getty Images.

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Source Fool.com

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