Phoenix New Media Limited (NYSE:FENG) Stock Surges After Solid Q1 Earnings

May 26, 2022

China-based new media company Phoenix New Media Limited (NYSE:FENG) was on the radars of investors yesterday despite there being no news about the company. The stock enjoyed some positive action yesterday and ended up with gains of as much as 10% as a consequence. Trading Data On Wednesday, FENG stock gained 10% to $3.08 with more than 29K shares, compared to its average volume of 30K shares. The stock moved…

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