Why iQiyi Stock Jumped 13% This Week
Chinese streaming specialist iQiyi (NASDAQ: IQ) outpaced a rising market this week. Shares jumped 13% through Thursday trading, according to data provided by S&P Global Market Intelligence, compared to a 1% increase in the S&P 500.
The rally only erased a small portion of the negative returns that investors have seen in the past year, though, and the stock remains lower so far in 2022. Still, the boost, which was driven by rising investor enthusiasm in the streaming video industry, was encouraging for shareholders.
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Source Fool.com
