SINA Corporation (SINA) was a big mover last session, as its shares rose nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the downtrend for the company, as the stock is now down almost 15%.
In the last 30-day frame, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
SINA currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Other better-ranked Internet content stocks include Global Eagle Entertainment Inc. (ENT), Taomee Holdings Ltd. (TAOM) and China Distance Education Holdings Limited (DL). While Global Eagle and Taomee sport a Zacks Rank #1 (Strong Buy), China Distance Education carries a Zacks Rank #2 (Buy).
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