eLong Inc. (LONG) saw a big move last session, as the company’s shares fell by nearly 14% 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 most recent downtrend for LONG, as the stock is down nearly 26% in the past one-month time frame.
This Internet Services provider has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for loss estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
LONG currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Internet Services industry is Vipshop Holdings Limited (VIPS) which holds a Zacks Rank #2 (Buy).
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