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Ticker Summary (CHL)

52.31+0.63 (+1.22%)
Open 52.16
High 52.74
Low 52.00
Volume 1,060,570
Market Cap N/A
52 Week High 54.70
52 Week Low 44.41
P/E N/A
F P/E 12.60
EPS N/A
Dividend 1.80
Yield 3.50%
1 Year Target 58.31

CHL 52.31 +1.22%

China Mobile, the largest wireless carrier in China, dropped nearly 8.2 percent Monday as the government released plans to merge smaller operations in order to increase competition. The 8.2 percent drop, the largest drop for the company in over six years, instantly lost the company $26 billion dollars in market cap. Under the government plan, China's two largest fixed-line companies will also become wireless carriers directly competing with China Mobile.

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2 years 272 days ago by Tim

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