Advertisement
New Zealand markets closed
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5946
    +0.0009 (+0.15%)
     
  • NZD/EUR

    0.5546
    -0.0000 (-0.00%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    82.95
    +0.14 (+0.17%)
     
  • GOLD

    2,330.50
    -7.90 (-0.34%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • Hang Seng

    17,212.66
    +11.39 (+0.07%)
     
  • NIKKEI 225

    37,630.56
    -829.52 (-2.16%)
     
  • NZD/JPY

    92.5470
    +0.4320 (+0.47%)
     

Why iQiyi Stock Dropped 20% This Week

Why iQiyi Stock Dropped 20% This Week

A poorly received earnings report pushed shares down by over 20% through Thursday while the broader market rose. The China-based streaming video specialist's stock is now down roughly 60% so far in 2021. The company's Wednesday earnings report contained some discouraging news about the streaming business.