Sohu.com Inc. (SOHU - Free Report) was a big mover last session, as its shares rose over 11% on the day. The move came after company’s search engine subsidiary Sogou is on a “very good trajectory” as it prepares for a public listing in the U.S. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 25% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sohu.com currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the Internet - Services space is Tencent Holding Ltd. (TCEHY - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SOHU going up? Or down? Predict to see what others think: Up or Down
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