Interestingly, Baidu Inc. (NASDAQ:BIDU) is not oversold to the extremes yet. This we said is interesting because it is Baidu Inc. (NASDAQ:BIDU) that fell the most in dollar terms after the SEC news last Thursday. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $161.48 in last session, and closed at $160.81, while the day range of BIDU stock is $158.30 – $162.60. The stock showed a negative weekly performance of -1.69%.
Sina Corp. (SINA:US) and Sohu.com Inc (NASDAQ:SOHU) led declines in Chinese equities traded in New York as data showed some users opted for instant messaging applications over Twitter-like microblogs. Sohu.com Inc (NASDAQ:SOHU) stock opened at $73.90, in last session and closed at $73.62, by gaining 0.82%. The 52 week range of SOHU is $39.79 – $87.29. Company’s market capitalization is $2.82billion.
SINA Corp (NASDAQ:SINA) stock plunged around 7 percent on Friday and also led declines in Chinese equities traded in New York as data showed few users chosen instant messaging applications over Twitter-like microblogs. SINA Corp (NASDAQ:SINA) stock advanced 0.40% and finished the last session at $67.11. The EPS of the stock remained 0.03. Company’s market capitalization is $4.47billion.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) finally cleared a 96.35 buy point of a cup-with-handle base it started shaping in October, but is still within buying range. Volume was running higher, a positive sign for Thursday’s breakout. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock opened the session at $94.76, and closed the session at $97.30. The 52 week range of the QIHU stock remained $27.76 – $98.68 and the day range was $93.40 – $98.68.
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