Benzinga’s Volume Movers (SINA, PWRD, KSWS, STRA)

Sina Corp SINA shares gained 8.18% to $37.70 by 12 pm. The volume of SINA shares traded was 455% higher than normal. Gains related to its investment in a real estate information company helped SINA, one of the most popular Internet portals of China, report a 150% jump in its Q1 net profit. Perfect World Company Ltd PWRD shares climbed 8.82% to $26.89 by 12 pm. The volume of PWRD shares traded was 323% higher than normal. Strong demand for its games led this Chinese online game developer report a nice jump in its quarterly revenue. K-Swiss Inc KSWS shares jumped 9.35% to $12.63. The volume of KSWS shares traded was 261% higher than normal. KSWS posted better than expected EPS for the March quarter. Strayer Education Inc STRA shares lost 0.16% to $244.60. The volume of STRA shares traded was 190% higher than normal. Barrington Research downgraded STRA from “outperform” to “market perform.” Read more from Benzinga's Markets.