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E-Commerce China Dangdang (DANG) in Focus: Stock Tumbles 15.4% - Tale of the Tape

E-Commerce China Dangdang Inc. ( DANG ) saw a big move last session, as the company's shares fell by over 15% 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 DANG, as the stock is now down by over 6% in the past one-month time frame.

On May 28, Dangdang reported financial results for first quarter of 2015, in which the company incurred net loss of $9.7 million, which deteriorated from the year-ago quarter.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.

DANG currently has a Zacks Rank #4 (Sell).

A better-ranked stock in the Internet Services- Delivery industry is Ctrip.com International Ltd. ( CTRP ), which currently carries a Zacks Rank #1 (Strong Buy).

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E-COMMRC CH-ADR (DANG): Free Stock Analysis Report

CTRIP.COM INTL (CTRP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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