Shares of Chinese online video platform Youku Todou (YOKU), think combo of YouTube and Hulu, who Alibaba (BABA) has a 25% stake in are surging 13% today on better than expected earnings and forward guidance. The stock is now up 46% in 2015, and up 120% from the 52 week and all time lows made on March 31st:
This stock has more than doubled in a month and a half, from 52 week lows to 52 week highs, gaining more than $2.5 billion in market cap in this time period. Ill just say this, this is the business that chose, this price action is nothing short of nuts when you consider what appears to be modest beats, despite posting 47% year over year sales gains. Just Sayin.