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Weibo (WB) Stock Is Thursday's 'Chart of the Day'

NEW YORK (TheStreet) -- Shares of Weibo (WB) were lower in early-afternoon trading on Thursday.

Earlier this week, the Beijing-based social media platform reported better-than-expected results for the 2016 second quarter.

The company reported adjusted earnings of 16 cents per diluted share, above Wall Street's projections of 11 cents per share. Revenue was $146.9 million, higher than analysts' estimates of $141.2 million.

Yesterday, coverage of Weibo stock was assumed with an "outperform" rating...