Overnight in the stock of the cheetah Move up 11.67% shares hit high

The US CPI growth of May exceeded expectations, with new housing starts falling 6.5% per cent a quarter. Investors await the outcome of the June monetary policy meeting, to be released by the Federal Reserve in Wednesday. The US stock market edged higher in Tuesday, rising for the third consecutive session. Chinese concept stocks rose, Cheetah Mobile Rose 11.67%, closed to 23.64 U.S. dollars, the price of innovation high. The cheetah moved to the local time May 8 to finalize the IPO offering price of $14, financing 1.68 dollars. The NYSE traded on its first day of trading at $14.10, up 0.71% from its IPO price. Cheetah Mobile reported that the company's first quarter total revenue of 315.7 million yuan (about 50.8 million U.S. dollars), an increase of 131.6% per cent, net profit of 18.7 million yuan (about 3 million U.S. dollars), down 35.9%. Oppenheimer, the investment bank, first included cheetah movements in the research area in Friday and gave a buy rating of 23 dollars. JP Morgan also put the cheetah movement into the research area for the first time, giving the same buying rating, with a target price of 26 dollars. Other active stock performance Sina Weibo rose 7.72%, gathered times Rose 7.28%, Dangdang up 6.83%, LAN Pavilion set potential reverse the city down 7.28%. China concept stocks Tuesday closed as follows: The above transaction price units in the United States dollar; In the market capitalisation, B represents 1 billion dollars, M stands for 1 million dollars, and K represents 1000 dollars.