Perfect World Co., Ltd. (PWRD) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PWRD, as the stock is now down around 22% since Nov 11.
This slump shouldn’t be too much of a surprise to investors, as this online game developer and operator has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
PWRD currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the Internet Content industry include China Distance Education Holdings Limited (DL), Dice Holdings, Inc. (DHX) and XO Group Inc. (XOXO). All these stocks hold a Zacks Rank #1 (Strong Buy).
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