SINA Corporation ( SINA ) saw a big move last session, as the company's shares fell over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for SINA, as the stock is down nearly 23% in the past one-month time frame.
This Internet Content provider has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
SINA currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Internet industry include Brightcove , Inc. ( BCOV ), China Distance Education Holdings Limited ( DL ) and Move, Inc. ( MOVE ). All these stocks hold a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportBRIGHTCOVE (BCOV): Free Stock Analysis ReportCHINA DISTANCE (DL): Free Stock Analysis ReportMOVE INC (MOVE): Free Stock Analysis ReportSINA CORP (SINA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research