Notable Price Action: What’s Propelling Inc to Decline So Much?

Notable Price Action: What's Propelling Inc to Decline So Much?

The stock of Inc (NASDAQ:SOHU) is a huge mover today! The stock decreased 2.12% or $0.96 during the last trading session, hitting $44.25. About 155,971 shares traded hands. Inc (NASDAQ:SOHU) has risen 1.79% since February 29, 2016 and is uptrending. It has underperformed by 8.63% the S&P500.
The move comes after 9 months negative chart setup for the $1.77B company. It was reported on Oct, 1 by We have $42.04 PT which if reached, will make NASDAQ:SOHU worth $88.50 million less.

Analysts await Inc (NASDAQ:SOHU) to report earnings on October, 24. They expect $2.47 EPS, up 147.00% or $1.47 from last year’s $1 per share. SOHU’s profit will be $98.80 million for 4.48 P/E if the $2.47 EPS becomes a reality. After $-1.64 actual EPS reported by Inc for the previous quarter, Wall Street now forecasts -250.61% EPS growth. Inc (NASDAQ:SOHU) Ratings Coverage

Out of 5 analysts covering Inc. (NASDAQ:SOHU), 1 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 20% are positive. Inc. has been the topic of 5 analyst reports since October 8, 2015 according to StockzIntelligence Inc. JP Morgan reinitiated the stock with “Underweight” rating in Wednesday, August 31 report. Goldman Sachs downgraded the stock to “Sell” rating in Monday, November 30 report. The stock has “Neutral” rating given by Citigroup on Friday, July 22. Macquarie Research maintained the stock with “Neutral” rating in Monday, October 19 report.

According to Zacks Investment Research, “ Inc. is a leading Internet portal in China in terms of brand recognition, page views and registered users. The company’s portal consists of the following: Chinese language Web navigational and search capabilities, twelve main content channels, Web-based communications and community services, and a platform for e-commerce services. The company is well positioned to capitalize on the emergence of the Web as a new advertising medium and commerce platform in China.”

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.32, from 0.82 in 2016Q1. The ratio is positive, as 15 funds sold all Inc shares owned while 29 reduced positions. 12 funds bought stakes while 38 increased positions. They now own 16.63 million shares or 12.01% less from 18.90 million shares in 2016Q1.
Eqis Mngmt accumulated 6,036 shares or 0.02% of the stock. Parametric Port Limited Company owns 70,137 shares or 0% of their US portfolio. Morgan Stanley holds 345,266 shares or 0% of its portfolio. Pacad Ltd holds 300 shares or 0% of its portfolio. Moreover, Connor Clark Lunn Investment Management Ltd has 0% invested in Inc (NASDAQ:SOHU) for 12,300 shares. Schroder Inv Gp reported 161,900 shares or 0.01% of all its holdings. First Tru Advsr Ltd Partnership holds 0.01% of its portfolio in Inc (NASDAQ:SOHU) for 44,113 shares. Renaissance Limited Liability Com has 1.65 million shares for 0.12% of their US portfolio. Citigroup has invested 0% of its portfolio in Inc (NASDAQ:SOHU). Tci Wealth has invested 0% of its portfolio in Inc (NASDAQ:SOHU). Moreover, Strs Ohio has 0.03% invested in Inc (NASDAQ:SOHU) for 160,000 shares. The Illinois-based Css Ltd Liability Il has invested 0.12% in Inc (NASDAQ:SOHU). National Bank Of America De holds 0% or 310,392 shares in its portfolio. Blackrock Japan holds 0% of its portfolio in Inc (NASDAQ:SOHU) for 11,159 shares. D E Shaw And Inc has invested 0.02% of its portfolio in Inc (NASDAQ:SOHU).

More notable recent Inc (NASDAQ:SOHU) news were published by: which released: “Uncovering Opportunity In” on September 29, 2016, also with their article: “ Inc. Earnings: We’re Going the Wrong Way” published on April 25, 2016, published: “ Is Undervalued By Almost Any Calculation” on August 31, 2016. More interesting news about Inc (NASDAQ:SOHU) were released by: and their article: “JPMorgan Sees Gaming Revenue Falling 38% In 2016” published on August 31, 2016 as well as‘s news article titled: “Stock Options at 0.1 Cent? China’s Grants Unusual Bonus” with publication date: May 11, 2016.

SOHU Company Profile Inc. (Sohu), incorporated on August 2, 1996, is an online media, search and game service firm providing online services and products on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Firm operates through three divisions: the Sohu segment; the Sogou segment, and the Changyou segment. Sogou is an online search, client software and mobile Internet product well-known provider in China. Changyou is an online game developer and operator in China as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional (TLBB 3D), and engages primarily in the development, operation and licensing of online games for PCs and mobile devices.

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