Dangdang (DANG), Renren (RENN) See Action on Sohu.com (SOHU) Chatter
Tweet
Share
E-mailGet Alerts SOHU Hot Sheet
Join SI Premium – FREE
Following an jump by Sohu.com (Nasdaq: SOHU) shares on M&A chatter, traders are watching other China Internet stocks for signs of life.
As reported, typically bearish research firm Citron posted a relatively positive message about a potential Sohu deal, seeing a price target of about $70. Shares moved over 4.7 percent and are continuing to hover there following the post by Citron.
On the move, E-Commerce China Dangdang (NYSE: DANG) and Renren (NYSE: RENN) saw shares tick higher. Currently, Dangdang is 2.4 percent better on the session, while Renren is up just 0.6 percent.
As reported, typically bearish research firm Citron posted a relatively positive message about a potential Sohu deal, seeing a price target of about $70. Shares moved over 4.7 percent and are continuing to hover there following the post by Citron.
On the move, E-Commerce China Dangdang (NYSE: DANG) and Renren (NYSE: RENN) saw shares tick higher. Currently, Dangdang is 2.4 percent better on the session, while Renren is up just 0.6 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Texas Instruments (TXN) jumps on first above-consensus guide in seven years
- IBM (IBM) Nears Acquisition of Software Provider HashiCorp (HCP) - WSJ
- E.W. Scripps Co. (SSP) exploring sale of Black-culture broadcast network Bounce TV - CNBC
Create E-mail Alert Related Categories
Insiders' Blog, Mergers and Acquisitions, Momentum Movers, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
