By Fahim Awan
6:09 AM UTC
Shares of the Asian entertainment streaming leader, iQiyi Inc. (IQ) have dropped -6.03% at $3.27 in Monday’s premarket session. iQiyi (IQ) stock added 19.59% to finish the last trading session at $3.48. The stock recorded a trading volume of 39.37 million shares, which is below the average daily trading volume published for the last 50 days of 17.15 million shares.
The shares of iQiyi (IQ) have advanced 25.18% in the last five days; however, they have lost -21.44% over the last month. The stock price has shed -23.85% over the last three months and has lost -23.68 percent so far this year. IQ stock is losing traction after Friday’s gain followed by the announcement of new productions.
Settled in Singapore, iQiyi (IQ) is an on-request video web-based feature giving darling dish Asian diversion to worldwide watchers. Offering both advertisement upheld and VIP membership administrations, IQ conveys premium dramatization series, motion pictures, theatrical presentations, and anime; with nearby dialects and captions; controlled by state-of-the-art innovation.
iQiyi (IQ) declared Thursday of two additional Chinese-language unique creations from Taiwan on top of its lead series reported the year before.
Two More Originals from Taiwan Coming to the World
Lead Chinese-language Programs Sets Global Launch
iQiyi (IQ) repeated its responsibility in lifting Chinese language content as worldwide forerunners in Asian substance during the occasion. Intelligence level affirmed worldwide send off and uncovered banners of three of their lead programs which are exceptionally expected by global crowds.