51job, Inc. Soars More Than 20% (JOBS)
Shares of Chinese human resources name 51job Inc. (NASDAQ: JOBS) soared 20.39% to a new multi-year high at $46.06 on Wednesday. The stock was initiated at Susquehanna with a "positive" rating. Both share volume and call volume was very high during the session. More than 1.04 million JOBS shares traded hands versus a daily average of around 181,000. Options traders were targeting the January 2011 45-strike call in the name.
51job, Inc. is a provider of integrated human resource services in China. As of December 31, 2009, the company had print operations across 19 major cities in China. In addition to recruitment advertising services, it also provides other complementary human resource related services, consisting primarily of business process outsourcing, training and executive search services.
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