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eLong (LONG) in Focus: Stock Falls 5.2% in Session
July 03, 2014

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eLong Inc. saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for LONG, as the stock is now up nearly 58% since Jun 11.
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 earnings 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 #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Internet Services industry include MakeMyTrip Limited (MMYT - Free Report) , Vipshop Holdings Limited (VIPS - Free Report) and GrubHub Inc. (GRUB - Free Report) . While MakeMyTrip and Vipshop Holdings hold a Zacks rank #1 (Strong Buy), GrubHub carries a Zacks Rank #2 (Buy).
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