Why Bilibili Stock Popped 11% Today

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Shares of Bilibili (NASDAQ: BILI), the Chinese youth-focused online entertainment company, were off to the races on Wednesday, closing 11.6% higher on no obvious news, though there does appear to be a catalyst to the rally.

On Wednesday, Feb. 24, Bilibili is due to report its fourth-quarter and full-year 2020 earnings. Analysts who follow the stock are forecasting that Bilibili will report a $0.33 per share loss for the quarter and a $1.18 per share loss for the year.  

Image source: Getty Images.

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