China MediaExpress Ends Trading Up 7.1% (CCME)

Loading...
Loading...
Shares of China MediaExpress Holdings, Inc.
CCME
ended the day up 7.1% at $18.45 per share. Today's trading range for shares of China MediaExpress Holdings, Inc was between $17.31 and $18.58 per share. The consensus price target of analysts covering the company's stock is $29.00 per share. Volume of 2.5 million shares was more than double the daily average volume of 1.2 million shares. China MediaExpress Holdings, Inc. (
CCME
) through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME's former majority shareholder, operates the largest television advertising network on inter-city and airport express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME receives the economic benefits of Fujian Fenzhong's operations. Read more
from Benzinga's Company news.
Posted In: NewsGlobalIntraday UpdateMovers
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...