Morgan Stanley downgraded Chinese Internet search giant Baidu from overweight to equal weight, suggesting that 2% earnings-related rally might be short-lived. Baidu Inc. (ADR) (NASDAQ:BIDU) stock opened at $177.13 in last session, and closed at $7.58, while the day range of Baidu Inc. (ADR) (NASDAQ:BIDU) stock is $168.15 – $179.00. The stock showed a positive weekly performance of -1.00%.
Ruckus Wireless (NASDAQ:RKUS) CTO William S.A. Kish sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $13.99, for a total value of $209,850.00. Following the completion of the sale, the chief technology officer now directly owns 2,096,383 shares in the company, valued at approximately $29,328,398. Ruckus Wireless Inc. (NYSE:RKUS) stock opened at $14.08 in last session, and closed at $14.00 by losing -1.55%. The 52 week range of $10.24 – $24.48. Company’s market capitalization is $1.09B.
Sina Corp. (NASDAQ:SINA) Weibo unit is valued at $5.1 billion by analysts after posting its first profit as China’s largest Twitter-like microblogging platform is said to seek an initial public offering in the U.S. SINA Corp (NASDAQ:SINA) stock increased 0.32% and finished the last session at $68.33. The EPS of the stock remained 0.64. Company’s market capitalization is $4.55B.
Linn Energy (NASDAQ:LINE) announced its earnings results on Thursday. The company reported ($3.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $3.42, Analyst Ratings News reports. The company had revenue of $585.00 million for the quarter, compared to the consensus estimate of $627.29 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. Linn Energy LLC (NASDAQ:LINE) stock opened the session at $31.50, and closed the session at $31.87. The 52 week range of the Linn Energy LLC (NASDAQ:LINE) stock remained $20.35 – $39.47 and the day range was $31.10 – $32.04.