Youku Tudou Inc. ( YOKU ) saw a big move last session, as the company's shares fell by over 9% 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 recent downtrend for YOKU, as the stock is now down nearly 14% since Aug 14.
The Internet television company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and 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 on this firm in the near future, and especially on earnings estimates following the recent slump.
YOKU currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Perfect World Co., Ltd. ( PWRD
), YY Inc. ( YY
) and Dice Holdings, Inc. ( DHX
). While Perfect World Co, YY Inc sport a Zacks Rank #1 (Strong Buy), Dice Holdings has 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 reportYOUKU.COM- ADR (YOKU): Free Stock Analysis ReportPERFECT WORLD (PWRD): Free Stock Analysis ReportYY INC-ADR (YY): Free Stock Analysis ReportDICE HOLDINGS (DHX): Free Stock Analysis ReportTo read this article on Zacks.com click here.