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Old 09-11-2019, 01:28 PM   #3187
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iQIYI Joins Group to Develop Industry Standards for Interactive Video; ADRs Rise
2:04 PM ET 9/11/19 | Dow Jones

Quote:
By Stephen Nakrosis

The American depository receipts for internet video streaming and social media company iQIYI Inc. (IQ) are trading higher on the Nasdaq Tuesday, after the company said it joined a group in China which is working to develop industry standards for interactive video.

At 1:54 p.m. ET, the company's ADRs were trading 6.93% higher at $19.30. Volume was higher than usual, with over 12.8 million ADRs trading, above the 65-day average volume of some 6.6 million. The company's ADRs opened the day's trading at $18.29, and fell to as low as $18.20.
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