Renren (RENN), Baidu Inc (BIDU), Qihoo 360 Technology (QIHU), SINA (SINA) and Sohu.Com Emerge on Momentum Stocks
Barclays’ research bumped Price target for Sohu.Com (NASDAQ:SOHU) up to $79.00 from $73.00; the research has not yet been issued. Shares of Sohu.com Inc (NASDAQ:SOHU) ended at a value of $65.45. Institutional ownership of the stock is 70.20% whereas the insider ownership is 21.92%. Stock’s share capital has outstanding shares of 38.29 billion out of which 29.90 billion are being floated in the market.
According to Bangkok, Baidu Inc (ADR) (NASDAQ:BIDU) will soon be introducing an interactive Thai-language based search engine; this step will be taken to make the most of the fast growing market for online advertisement. Shares of Baidu Inc (ADR) (NASDAQ:BIDU) kicked off its day’s trading at $155.77 and went up as high as $163.28; towards the end of the day’s trading, the stock jumped up by 4.07% and closed at a value of $163.03. Stock’s weekly performance was -0.06%.
It has been announced by Renren Inc (NYSE:RENN) that the Chinese social network will release its unaudited third quarter financial results on the 27th of November after the day’s market US ends. On the 26th of November, shares of Renren Inc (NYSE:RENN) dipped by 0.30% and ended at $3.32. Stock’s range over 52 weeks was between $2.52 and $4.62. Market capitalization of Renren Inc (NYSE:RENN) is $1.23 billion whereas the in the last session of trading the stocks’ volume share was 3.30 million. RENN’s share capital has outstanding shares of 371.67 million.
With a holiday profit the shares of SINA Corp (NASDAQ:SINA) have a rating of “Buy”. Shares of SINA Corp (NASDAQ:SINA) ended at a value of $76.72 yesterday. Institutional ownership of the stock is 86.20% whereas its insider ownership is 4.81%. Stock’s share capital has outstanding shares of 66.81 billion out of which 65.13 billion are being floated in the market.
The Street Quant Ratings gave Qihoo 360 Technology Co Ltd (NYSE:QIHU) a rating of “Hold”. On the last day of trading, stock of Qihoo 360 Technology Co Ltd (NYSE:QIHU) had an average volume share of 3.13 million. Shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) kicked off at a value of $79.75 and during the session went up as high as $84.08; after going up by 5.59% the stock closed at $ 82.78.