Perfect World (PWRD) Shares Bounce as Tianya Blog Removes CEO Rumor, Susquehanna Says Co. Refutes Claims
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Price: $108.28 -0.02%
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Shares of Perfect World (Nasdaq: PWRD) ticked higher just about 20 minutes ago as we are hearing the blog which earlier alleged an investigation, Tianya, no longer is running the story. The stock plunged as much as 26.6 percent earlier, marking a new 52-week low at $8.81.
Elsewhere on the Street, Susquehanna's C. Ming Zhao said Perfect World has now refuted the claims made against Chairman and CEO Yufeng Chi. The Susquehanna analyst expects to see a press release from Perfect World shortly.
Perfect World shares last traded at $9.51, still down 20.8 percent from Friday's close at $12 even.
Elsewhere on the Street, Susquehanna's C. Ming Zhao said Perfect World has now refuted the claims made against Chairman and CEO Yufeng Chi. The Susquehanna analyst expects to see a press release from Perfect World shortly.
Perfect World shares last traded at $9.51, still down 20.8 percent from Friday's close at $12 even.
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