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Sohu.com (SOHU) Jumps: Stock Adds 7.9% in Session

Zacks Equity Research

Sohu.com Inc. (SOHU) was a big mover last session, as its shares rose just nearly 8% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend of the company since Feb 11, as it is now up almost 24%.

In the last 30-day frame, the company witnessed 6 negative estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Sohu.com currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Other better-ranked Internet services stocks include Facebook, Inc. (FB), Conversant, Inc. (CNVR) and Akamai Technologies, Inc. (AKAM). All three carry a Zacks Rank #2 (Buy).

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