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Sohu.com Inc(NASDAQ:SOHU) declined -11.06% and closed at $43.44 in the last trading session with the total traded volume of 2.06 million shares. That’s more than the average volume of 619,407. Nasdaq-listed Chinese Internet firm tumbled after report that it is holding discussions with investment banks and private-equity funds to go private. The South China Morning Post said in an anonymous sourced report Wednesday that the potential step would come as many Chinese companies are not satisfied with the market environment in which allegations of improprieties help reduce stock prices.
Sohu issued a statement opposing to the claims in the article and said it is not in talks to investment banks and private-equity funds regarding a possible plan to take the company private and/or delist its common stock from the Nasdaq Global Select Market.
SOHU is now trading above its 50 day moving average of -7.41% and 200 day moving average of +3.29%. It has outstanding shares of 38.15 million with the total market cap of $1.66 billion and its beta value stands at 1.33 times which shows that stock is more volatile.
Youku Tudou Inc (ADR)(NYSE:YOKU) lost -6.78% to close at $18.00 and its overall volume in the last trading session was 5.11 million shares, beating the average volume of 2.08 million. Earlier analysts at Deutsche Bank had lowered their price target on the stock from $29.56 to $26.20. TheStreet Ratings recommends selling this stock. YOKU hit the day high price of $19.03 and day low of $17.67.
The stock is trading with negative year-to-date performance of -1.32%. It has current ratio of 4.12. The company has total market cap of $2.95billion.
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) dropped -1.58% with the closing price of $89.93 after Chief Executive Robin Li disclosed yesterday on the sidelines of a conference in Beijing that the company was ready to the plan of buying companies that created products for smartphones.
He also made it clear that whenever they can find some company that already has what they want to own, they have a preference to buy rather than build it. He added that the company was focused on building up subscriber interest in the mobile products and believed it would make money on the products later.
The overall volume in the last trading session was 3.22 million shares. Its fifty two week range was $85.96-$154.15. The total market capitalization remained $31.44 billion.
The stock is ahead its 52 week low with 4.62% and its last month price volatility remained 2.59%. Its beta coefficient was 1.70 with a target price of $120.31. In its share capital, the company has 349.66 million outstanding shares while 330.09 million shares have been floated in market.
It has insider ownership of 0.10% with its institutional ownership remained 63.17%. Its current year earnings per share grew with 57.43% while the five year EPS growth rate was 75.19%.
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