On June 5, One such stock that you may want to consider dropping is Youku Tudou Inc. (ADR) (NYSE:YOKU) which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in YOKU. Youku Tudou Inc (ADR) (NYSE:YOKU) net profit margin is -17.80% and weekly performance is 1.84%. On last trading day company shares ended up $19.42. Analysts mean target price for the company is $166.32. Youku Tudou Inc (ADR) (NYSE:YOKU) distance from 50-day simple moving average (SMA50) is -15.59%.
On June 5, Game Publisher Shanda Games Limited (ADR) (NASDAQ:GAME) International Europe released their first free-to-play mobile game on Android and iOS. Shanda Games Limited (ADR) (NASDAQ:GAME) shares advanced 0.30% in last trading session and ended the day on $6.72. GAME Gross Margin is 73.90% and its return on assets is 25.40%. Shanda Games Limited (ADR) (NASDAQ:GAME) quarterly performance is 1.82%.
On June 7,Changyou.Com Ltd (ADR) (NASDAQ:CYOU) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 1,009,329 shares, a decrease of 23.0% from the April 30th total of 1,310,879 shares, Stock Ratings Network.com reports. Based on an average trading volume of 221,245 shares, the days-to-cover ratio is currently 4.6 days. Currently, 0.0% of the company’s shares are short sold.
Changyou.Com Ltd (ADR) (NASDAQ:CYOU) shares moved down -0.26% in last trading session and was closed at $26.57, while trading in range of $26.39 – $27.50. Changyou.Com Ltd (ADR) (NASDAQ:CYOU) year to date (YTD) performance is -17.10%.
On May 29, Priceline Group Inc (NASDAQ:PCLN) was the target of some unusual options trading on Thursday. Investors acquired 29,045 put options on the company, Stock Ratings Network.com reports. This represents an increase of approximately 111% compared to the typical volume of 13,784 put options. Priceline Group Inc (NASDAQ:PCLN) ended the last trading day at $1,229.92. Company weekly volatility is calculated as -3.82% and price to cash ratio as 9.61. Priceline Group Inc (NASDAQ:PCLN) showed a negative weekly performance of -3.82%.
On May 28, KINGSOFT CORP LTD (OTCMKTS:KSFTF) a well-known Chinese software and Internet service company, announced its unaudited quarterly results for the three months ended 31 March 2014. Revenue from the online game business increased 2% quarter-over-quarter and 11% year-over-year to RMB 294.9 million in the first quarter of 2014, even under the adverse impact of Chinese New Year holidays. With the continuous improvement of game experiences, JX Online III has grown for the past eleven consecutive quarters. In April 2014, Kingsoft launched a new expansion “Zhu Lu Zhong Yuan” for JX Online III and had received positive feedbacks. For now, more than five mobile games are under full swing development, of which two to three games are in the pipeline for release. KINGSOFT CORP LTD (OTCMKTS:KSFTF) on last trading day company shares ended up $2.95.