Hot Stocks: Baidu Inc (ADR) (NASDAQ:BIDU), Renren Inc (NYSE:RENN), Sohu.com Inc (NASDAQ:SOHU), SINA Corp (NASDAQ:SINA)
Investors lost confidence in Chinese search giant Baidu (NASDAQ:BIDU) in 2011 and early last year, creating what I viewed as one of the most obvious home-run investment opportunities I’d seen in some time — perhaps in all my time as an active investor. Baidu Inc (ADR) (NASDAQ:BIDU)’s stock traded at beginning with a price of $174.00 and throughout the trading session climbed at a high of $180.48 and later when day-trade ended the stock finally Inclined 3.48% to end at $178.92. Baidu Inc (ADR) (NASDAQ:BIDU)’s stock showed weekly performance of 2.89%.
Renren Inc. (NYSE:RENN) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Renren Inc (NYSE:RENN) yesterday closed at $3.65. Stock institutional ownership is 3%. In its share capital Renren Inc (NYSE:RENN) has 369.04million outstanding shares among them 150.16million shares have been floated in market.
Sohu.com Inc (NASDAQ:SOHU) was downgraded by investment analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a note issued to investors on Monday. Sohu.com Inc (NASDAQ:SOHU)’s stock in last trading day held volume of 1.12million shares as compared to its average volume of 746.00K shares. Sohu.com Inc (NASDAQ:SOHU) shares after opening at $75.25 attained maximum price of $78.86 and then ended up on $78.77 by increasing 5.10%.
Investment analysts at Deutsche Bank decreased their price objective on shares of SINA Corp (NASDAQ:SINA) to $87.00 in a note issued to investors on Tuesday. SINA Corp (NASDAQ:SINA)’s stock on Feb 27, 2014 reported a decrease of -3.42% to the closing price of $68.11. Its fifty two weeks range was $45.54-$92.83. The total market capitalization recorded $4.54billion. The overall volume in the last trading session was 5.08million shares. In its share capital, SINA Corp (NASDAQ:SINA) has 66.92million outstanding shares.