Why Phoenix New Media Ltd. ADR Jumped on Tuesday
Shares of media company Phoenix New Media (NYSE: FENG) jumped as much as much as 27.9% on Tuesday following the company's third-quarter earnings release. The stock is up 17.3% at the time of this writing.
Positive sentiment from investors on Tuesday is likely due to the company significantly outperforming consensus analyst estimates for the quarter.
Source: Fool.com
Phoenix New Media Ltd. ADR Stock
€2.48
-0.800%