SINA (SINA) Shares Tumble Midday Following Morgan Stanley Downgrade

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Shares of SINA Corporation (NASDAQ: SINA) have dipped to near-session-low levels over the last few minutes of trading as an analyst at Morgan Stanley just downgraded the stock in an intraday research note. The stock is now down 3 percent to $116.28.

Morgan Stanley cut its investment rating on SINA from Overweight to Equalweight.

The downgrade follows mixed Q1 results and inline guidance from the company Wednesday afternoon.

For more ratings news on SINA Corporation click here and for the rating history of SINA Corporation click here.

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