Youku Tudou (YOKU) in Focus: Stock Tumbles 9.3%

Youku Tudou Inc. (YOKU) saw a big move last session, as the company’s shares fell by over 9% 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 YOKU, as the stock is now down nearly 14% since Aug 14.

The Internet television company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings 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.

YOKU currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Perfect World Co., Ltd. (PWRD), YY Inc. (YY) and Dice Holdings, Inc. (DHX). While Perfect World Co, YY Inc sport a Zacks Rank #1 (Strong Buy), Dice Holdings has a Zacks Rank #2 (Buy).

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YOUKU TUDOU INC (YOKU): Free Stock Analysis Report

PERFECT WORLD CO LTD ADS (PWRD): Free Stock Analysis Report

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