China-based Sentage's stock rockets on heavy volume, like its 'meme' days in May

Dow Jones2023-12-30

MW China-based Sentage's stock rockets on heavy volume, like its 'meme' days in May

Shares of Sentage Holdings Inc. (SNTG) blasted 183.6% higher toward a 21-month high in very active afternoon trading Friday, despite no news being announced. The China-based financial services company's stock, which was the biggest gainer among those listed on major U.S. exchanges, has been halted twice for volatility since the opening bell at 9:30 a.m. Eastern. Trading volume has spiked to 44.1 million shares, compared with the full-day average over the past 30 days of about 7,000 shares. The last news reported by the company was on Dec. 22, when it reported a net loss of $1.1 million in the six months to June 30, or 12.5% wider than a year ago. There is no analyst coverage, so there are no estimates to compare the results to. The stock's rally hearkens back to a time of its "meme"-like surge earlier this year, when it skyrocketed 181% in the two days to May 1. The stock has run up 161.5% year to date, while the iShares MSCI China ETF $(MCHI)$ has lost 14.1% and the S&P 500 has gained 24.3%.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 29, 2023 14:44 ET (19:44 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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(SNTG) blasted 183.6% higher toward a 21-month high in very active afternoon ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNTG","symbol_name":"Sentage Holdings Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2395762030","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2395762030","pubTimestamp":1703879040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Sentage Holdings Inc.  blasted 183.6% higher toward a 21-month high in very active afternoon trading Friday, despite no news being announced. 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