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Weakness Seen in Phoenix New Media (FENG): Stock Tumbles 8.2% - Tale of the Tape

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Phoenix New Media Limited ( FENG ) saw a big move last session, as the company's shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for FENG as the stock is now up around 2.7% in the past one-month time frame.

Phoenix New Media has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), 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 of this firm in the near future, and especially on earnings estimates following the recent slump.

FENG currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Internet Information Provider sector include British Sky Broadcasting Group plc ( BSYBY ), CTC Media, Inc ( CTCM ) and Media General, Inc. ( MEG ). While British Sky Broadcasting Group carries a Zacks Rank #1 (Strong Buy), both CTC Media and Media General hold a Zacks Rank #2 (Buy).

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PHOENIX NEW MED (FENG): 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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