Shares of iQiyi Inc. IQ, -11.16% plunged 15% on heavy volume Friday, in the wake of the revelation by China-based streaming video service of an investigation by the Securities and Exchange Commission into certain acquisitions and investments. Trading volume was 38.5 million shares, enough to make the stock the 7th …
Read More »IQiyi’s stock falls on heavy volume following the revelation of SEC probe, weighs on Baidu shares
