Shares of Cheetah Mobile Inc. (CMCM), a China-based mobile internet company, are gaining more than 9 percent or $0.30 in Friday's morning trade at $3.61, after hitting a new 52-week high of $5.00 despite no specific news that could move the stock. The stock is extending gains from the previous sessions.
U.S. stocks are higher on Friday as a modest rebound in U.S. employment in the month of January, upbeat corporate earnings results, and news that Johnson & Johnson has applied for an emergency use authorization from the FDA for its single-dose coronavirus vaccine boosted investor sentiment.
Cheetah Mobile has traded in a range of $1.64 to $5.00 in the past 52 weeks.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.