Why Are These Five Stocks in Green on Friday?

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Vipshop Holdings Ltd – ADR (NYSE:VIPS) is up modestly as the entire Chinese internet sector is firmly in the green today. Although no one knows when China’s economy will recover, the Shanghai index is certainly more stable than before. A stable Shanghai index means potentially more IPOs in the future, meaning a higher probability of takeover offers for Chinese internet companies in the States. While Vipshop Holdings Ltd – ADR (NYSE:VIPS) hasn’t gotten a take-private offer, the sector optimism is certainly helping the stock. Chase Coleman‘s Tiger Global has recently disclosed a 9.96% stake in the company.

Last but not least, Live Ventures Inc (NASDAQ:LIVE) shares are up an astounding 43.66% after the company disclosed that it will release ‘particularly successful’ Q4 results ahead of schedule on December 10. Live Ventures Inc (NASDAQ:LIVE) is a diversified holding company with a focus on acquiring other companies with a history of strong earnings power. Given Live’s small float and 8.11% of shares short, the company’s announcement likely prompted a short squeeze that may or may not be justified (depending on what the results are next Thursday).

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Disclosure: none

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