Youku Tudou Inc (ADR) (NYSE:YOKU) has long been known as a loss stock, but that is just about to change completely. The latest earnings results and the management and analysts’ optimism in the stock are just some of the visible signs that a positive change has come to the Internet television stock. Youku Tudou Inc (ADR) (NYSE:YOKU) stock opened at $34.22 in last session, and closed at $35.72, while the day range of YOKU stock is $34.00-$35.77.The stock showed a positive weekly performance of 19.23%.
Yahoo! Inc. (NASDAQ:YHOO) had invested in Alibaba when the company was struggling to rise on its feet. The stake has now grown multi fold and by all reckoning Yahoo has recovered more than its investment. It now holds a 24% stake in the company and will have to liquidate another 10% before the reported IPO of Alibaba. Analysts value Alibaba to be worth $35-$40 billion, so Yahoo can expect $3.5 – $4 billion from its 1% stake sale. The IPO has been postponed several times and recently rumors surfaced that Alibaba is trying to list on American markets. Though the rumors have been quelled by the company, doubts still remain. In case the IPO does not happen by 2014, Alibaba will have to renegotiate the deal with Yahoo. Yahoo! Inc. (NASDAQ:YHOO) stock opened at $39.83, in last session and closed at $39.50, by loosed -0.33%. The 52 week range was $21.87-$41.72. Company’s market capitalization is $40.02 billion.
On Friday 15% pop just staring you in the face, it would be tempting for current MeetMe Inc (NYSEMKT:MEET) .MeetMe Inc shareholders to lock their profit in and walk away. It would also be a mistake, though. MeetMe Inc. (NYSEMKT:MEET) stock performance was -2.56% in last session and finished the day at $2.66. Traded volume was 0.00 shares in the last session and the average volume of the stock remained 1.21 million shares. The beta of the stock remained 1.97. MeetMe Inc. (NYSEMKT:MEET) insider ownership is 1.00%. MeetMe Inc (NYSEMKT:MEET) stock gained 6.67% and finished the last session at $3.00. The EPS of the stock remained -0.34. Company’s market capitalization is $115.43 million.
Analysts at Citigroup Inc. raised their price objective on shares of Baidu (NASDAQ:BIDU) from $175.00 to $215.00 in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. Citigroup Inc.’s target price would indicate a potential upside of 26.66% from the company’s current price. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened the session at $173.59, and closed the session at $174.57. The 52 week range of the BIDU stock remained $82.98-$185.50 and the day range was $172.90-$174.88.
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