Weibo Blows Away Former All-Time High After Q1 Beat

Weibo Corp (ADR) WB shares are trading higher by $14.86 (25 percent) at $77.77 in Tuesday's session.

Before the open, the Chinese social media platform posted a 5-cent Q1 EPS beat along with a revenue beat of $12.4 million.

Its much higher opening print of $70.20 is only 30 cents above its low for the day of $69.90. That level far exceeds its former all-time high that was made on Monday at $63.96 and its former all-time closing high that was made Monday as well at $62.90.

Weibo's stock has cleared out the sellers at every whole number from $71.00 to $78.00, but is currently pausing in the upper $77.00 handle as $78.10 stands as the high for the day as of of 1:15 p.m. EST.