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Los Angelas, CA -- (SBWIRE) -- 10/10/2012 -- Shares of Baidu, Inc. (NasdaqNM:BIDU) are trading at $106.488 and is -6.07% from its 50-day Moving Average price of $113.369 and -13.17% from its 200-day Moving Average price of $122.641. The average trading volume is 5629450 shares and its market capitalization is $37.207B. Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares fell Tuesday morning after Wallace Cheung, an analyst at Credit Suisse, cut his rating on the stock from ‘Neutral’ to ‘Underperform’, thereby setting a new price target of $83, down from $118. This is the most recent in a sequence of cautious analyst notes on Baidu in recent weeks, involving downgrades from Jefferies and Raymond James. Cheung has written in a research note that expectations from Baidu are likely to slide down under the present circumstances, mobilization challenge on mobile phones and a weak ad market. He cut estimates for both 2013 and 2014. Among other factors, Baidu shares have been under tremendous pressure from growing concerns about loss of market share to the principal Web browser provider in China, Qihoo 360 that lately entered the Internet search market.
Can BIDU Recover After the Recent Fall? CHECK HERE
AuRico Gold Inc. (NYSE:AUQ) reported EPS of 0.556. For the Current Fiscal year, the company is expected to report EPS of 0.35. For the Next Quarter and Next Year, the company is expected to report EPS of 0.10 and 0.65 respectively. At Current Market Price, AUQ is in distance of -3.99% from its 50-day Moving Average price of $6.6871 and -14.96% from its 200-day Moving Average price of $7.5496. AuRico Gold Inc. (AUQ) shares climbed 7.79 percent to $6.92 in post-market trading. The company announced Tuesday that it had entered into a definitive agreement pursuant to which Minera Frisco would acquire the Ocampo mine and the adjacent exploration projects "Venus" and "Los Jarros," all located in Chihuahua State, Mexico, and a 50 percent interest in the Orion advanced development project located in Nayarit State for a total cash consideration of $750 million.
Can AUQ Bounce Back? FIND OUT HERE
Glu Mobile Inc. (NasdaqNM:GLUU) is -0.78 - -19.16% from the previous close of $4.07. It traded between $3.13 - 4.11 with total traded volume of 19429706 shares. Keep a close eye on GLUU, as the stock has been showing unusual moves over the past weeks. At Current market price, GLUU has recovered +29.53% from its 52-week Low of 2.54 and has Pulled back -44.24% from its 52-week high of 5.90. Glu Mobile Inc.(NASDAQ:GLUU) stock gained 1.75% and closed at $4.07 in the previous trading session after Probability Plc said it has entered into a strategic relationship for mobile gambling with Glu Mobile Inc. Probability said it will leverage successful, existing Glu original IP to create a suite of Glu-branded real-money mobile slot games. The slot games will be distributed to audiences in Probability’s regulated markets, initially the UK and Italy.
How Should Investors Trade GLUU Now? Find Out Here
Shares of Vringo, Inc. Comm (AMEX:VRNG) are trading at $4.45 and is +26.05% from its 50-day Moving Average price of $3.5303 and +28.18% from its 200-day Moving Average price of $3.4718. The average trading volume is 5643330 shares and its market capitalization is $149.8M. Shares of Vringo (VRNG -18.05%), a mobile-phone software maker that some have labeled a "patent troll," slumped 18% Tuesday, giving back some gains from Monday as the company flexes its legal muscle in patent battles with tech heavyweights. The New York company, backed by billionaire Mark Cuban, was initially boosted Tuesday by an erroneous report that it had settled its infringement dispute with Google (GOOG) regarding patents it acquired from the now-defunct Lycos search engine. But when word got out that no settlement had in fact been reached, Vringo's stock plummeted. The two companies are in court-ordered settlement talks. An analyst quoted by Barron's says the search engine giant may face damages from the Vringo case topping $1 billion and may have to acquire its smaller rival.
Should Investor Exit From VRNG : FIND OUT HERE
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