LONDON, July 11, 2014 /PRNewswire/ --
The trading session on Thursday, July 10, 2014 ended on a lower note as the Dow Jones Industrial Average finished at 16,915.07, down 0.42% and the NASDAQ Composite closed at 4,396.20, down 0.52%. The S&P 500 finished the day 0.41% lower at 1,964.68. The losses were broad based as eight out of ten sectors finished on a negative note. The S&P 500 Information Technology Sector Index finished the day at 637.40, down 0.29%, while the index has gained 1.38% in the previous one month. Investor-Edge has initiated coverage on the following equities: Bitauto Holdings Ltd (NYSE: BITA), Renren Inc. (NYSE: RENN), Yandex N.V. (NASDAQ: YNDX) and Baidu Inc. (NASDAQ: BIDU). Free technical research on BITA, RENN, YNDX and BIDU can be downloaded upon signing up at:
http://www.investor-edge.com/4760-register
Shares in Bitauto Holdings Ltd gained 2.85% on Thursday, closing the session at $48.06. A total of 0.69 million shares were traded, which was below its three months average volume of 0.95 million shares. The stock moved between $43.17 and $48.17 during the session. Shares in Bitauto Holdings Ltd have surged 16.57% in the last one month and 50.38% from the beginning of 2014. However, the company's shares have fallen by 2.83% in the previous three trading sessions. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $41.71 is above its 200-day moving average of $33.60. Further, Bitauto Holdings Ltd's stock traded at a PE ratio of 48.07 and has a Relative Strength Index (RSI) of 56.28. Sign up today to read free research on BITA at:
http://www.investor-edge.com/4760-BITA-11Jul2014.pdf
Renren Inc.'s stock recorded a trading volume of 0.41 million shares, below its three months average volume of 0.78 million shares. On Thursday, the stock finished the day at $3.16, which was 0.63% lower its previous day's closing of $3.18, and registered an intraday range of $3.10 and $3.17. Shares in Renren Inc. have declined 4.24% in the previous three trading sessions and 5.39% in the last one month, although, the stock has advanced 3.61% on YTD basis. Shares in Renren Inc. are trading below their 50-day and 200-day moving averages of $3.32 and $3.37, respectively. Furthermore, the company's stock has an RSI of 34.57. Sign up today to read free research on RENN at:
http://www.investor-edge.com/4760-RENN-11Jul2014.pdf
On Thursday, shares in Yandex N.V. declined 1.43%, closing the day at $31.69. The stock recorded a trading volume of 2.36 million shares, which was below its three months average volume of 4.86 million shares. The company's stock oscillated between $31.00 and $32.05 during the session. The company's stock traded at a PE ratio of 25.73. Shares in Yandex N.V. have fallen by 5.06% in the previous three trading sessions and 6.66% in the last one month. Additionally, the company's shares are down 26.56% since the start of this year. Yandex N.V.'s shares are trading below their 50-day and 200-day moving averages of $31.87 and $35.48, respectively. Moreover, the company's stock has an RSI of 41.48. Sign up today to read free research on YNDX at:
http://www.investor-edge.com/4760-YNDX-11Jul2014.pdf
Baidu Inc.'s stock fluctuated between $176.69 and $185.35 before ending Thursday's session 0.88% lower at $183.32. The company's stock reported a trading volume of 2.93 million shares, which was near its three months average volume of 3.50 million shares. Baidu Inc.'s stock has gained 4.08% in the last one month and 3.06% on YTD basis, while the stock has declined 2.49% in the previous three trading sessions. Shares in Baidu Inc. are trading above their 50-day and 200-day moving averages of $169.60 and $164.49, respectively. Further, the company's shares traded at a PE ratio of 36.34 and have an RSI of 58.88. Sign up today to read free research on BIDU at:
http://www.investor-edge.com/4760-BIDU-11Jul2014.pdf
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