Hot Stocks in the Chinese Market – Baidu Inc (BIDU), Youku Tudou (YOKU), Qihoo 360 Technology (QIHU) and Sohu.com (SOHU)
Internet stocks, Baidu Inc (ADR)(NASDAQ:BIDU) and Sohu.com Inc (NASDAQ:SOHU) have once again made the headlines in M&A because of smaller acquisitions; this might mean that the market does not have major big targets as an important year ends in China. It is believed that Baidu Inc (ADR)(NASDAQ:BIDU) is set to go through a deal to acquire Perfect World (NASDAQ:PWRD)’s literature unit. stocks of Sohu.com Inc (NASDAQ:SOHU) at the start traded at $64.77 and during the day’s trading session went up as high as $65.36 and declined by -1.41% towards the end of day trade and ended at $64.21. Weekly performance of the stock was -3.14%.
Stocks of Baidu Inc (ADR)(NASDAQ:BIDU) had a 2.44 million share volume on the last day of trading; the stock’s average share volume is 4.22 million. Shares of Baidu opened at $158.86 and went as high as $160.59 and ended at $156.66 after decreasing by -0.90%.
Chinese equities saw a decline in a couple of weeks. Qihoo 360 Technology Co Ltd (NYSE:QIHU) will see slow revenue growth. Yesterday Qihoo 360 Technology Co Ltd (NYSE:QIHU) ended at $78.40. Institutional ownership of stocks is 70.90% whereas its insider ownership was 14.20%. QIHU’s share capital has outstanding shares of 119.33 out of which 119.33 million of shares are floating in the market.
According to Makret Watch, stocks of Youku Tudou Inc (ADR) (NYSE:YOKU) has the Over eight average rating with a $24.41 price target. Stocks of Youku Tudou Inc (ADR) (NYSE:YOKU) reached its highest price of $28.86; the stock started at $28.17 and then declined by -7.12% to end at $26.35; it had a $26.26 – $28.86 day range. The stock had a $4.90 billion market capitalization. Its session’s total volume of shares was 3.30 million, which is less as compared to its average share volume of 4.33 million.