Qihoo 360 Technology is stepping up its game in the fight for market share vs. Baidu Inc (ADR) (NASDAQ:BIDU) the leading Internet search engine in China. Baidu Inc (ADR) (NASDAQ:BIDU) stock opened at $171.30in last session, and closed at $173.00, while the day range of stock is $169.75 – $174.57. The stock showed a negative weekly performance of -1.44%.
SINA is a leading online media company and mobile value-added service (MVAS). SINA Corporation’s (NASDAQ:SINA) head office is located in Shanghai, and is listed on Nasdaq. It has core operations through five major business lines: online news (sina.com); MVAS (SINA Mobile); web-based services and games (SINA Community); search and enterprise service (SINA.net); online shopping (SINA E-Commerce). The company produces most of its revenues from online advertisements. SINA Corp (NASDAQ:SINA) stock opened at $82.83, in last session and closed at $80.58, by losing -4.75%. The 52 week range of the stock is $45.54 – $92.83. Company’s market capitalization is $5.37 billion.
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 decreased -0.40% and finished the last session at $75.57. The EPS of the stock remained 0.08. Company’s market capitalization is $2.89 billion.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) extended gains, rising 2.18 to 91.26 in above-average trade. It’s showing some signs of accumulation as it work on the right side of a base. It’s back to within 7% of its all-time high. Qihoo 360 Technology Co Ltd (NYSE:QIHU) stock opened the session at $89.12, and closed the session at $91.26. The 52 week range of the stock remained $27.76 – $96.74 and the day range was $87.35 – $91.89.