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NetEase Smashes Former All-Time High After Q4 Beat

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NetEase Inc (ADR) (NASDAQ: NTES) shares are trading higher by $32.15 (12 percent) at $294.00 in Thursday's session. The Chinese technology company operates an interactive online community and provides content in the Chinese language for online games and advertising services, email and other areas related to e-commerce.

After the close on Wednesday, the company reported a Q4 EPS beat of $1.00 along with a sales beat of $116 million.

Following a much higher open, well above its former all-time high from October at $272.58, it retreated to $278.80 before continuing its move higher. The ensuing rally took the issue to $295.10, but has backed off that elevated level.

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