Market Overview

Why Iqiyi's Stock Is Trading Lower Today


Iqiyi Inc (NASDAQ: IQ) shares are trading lower on Wednesday after the company announced a proposed offering of 40 million ADSs.

Iqiyi has been dubbed by some as being the "Netflix” of China. China Unicom is a Chinese state-owned telecom operator and the world's fourth-largest mobile service provider by subscriber base. It is primarily engaged in providing a variety of services encompassing internet video, live broadcasting, online games, online literature, animations, e-commerce and social media platform.

Iqiyi shares were trading down 17.68% at $18.36. The stock has a 52-week high of $28.03 and a 52-week low of $14.51.


Related Articles (IQ)

View Comments and Join the Discussion!

Posted-In: why it's movingNews

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at