May 23, 2013 at 10:55 AM EDT
StockCall Early Morning Insight into GRPN, BIDU, YOKU, TRIP, and VCLK
StockCall.com Provides Stock Research on Groupon Inc., Baidu Inc., Youku Inc., TripAdvisor Inc., and ValueClick Inc.
New York City, New York -- (May 23, 2013)
The shift to mobile computing in the U.S., as well as globally, has prompted Internet information providers to rethink their strategies. With more and more users in the U.S., and overseas shifting to smartphones and tablets, the shift to mobile computing is likely to accelerate. Therefore, it is important that Internet information providers boost their mobile offerings. Some companies are already adapting to the changing market dynamics. Not surprisingly, these companies have been performing well. On Wednesday, May 22, 2013, shares in Internet information providers ended mostly lower as the broad market came under pressure after the release of minutes of Federal Reserve’s most recent FOMC. The worst performers in the sector included Groupon Inc. (NASDAQ: GRPN), Baidu.com Inc. (NASDAQ: BIDU), Youku Tudou Inc. (NYSE: YOKU), Tripadvisor Inc. (NASDAQ: TRIP) and ValueClick Inc (NASDAQ: VCLK). StockCall has issued technical analysis and charting reports on GRPN, BIDU, YOKU, TRIP, and VCLK. Download these free reports now at
Groupon Inc. trimmed its 52 weeks losses to 1.68 percent by closing its previous trading session 1.68 percent higher. The stock closed at $7.26, with trading volume of 19.55 million shares. It is up 51.88 percent on a YTD basis. Groupon is currently in a bullish mode, and it is expected to go up to $7.35 in the coming sessions. Its next resistance level is at $7.39. On the downside, it is expected to face its first support level at $7.04. The company’s stock traded in the range of $2.60 and $12.43 in the past 52 weeks. Download the free research on GRPN today by registering at
Baidu.com Inc. is currently trading above its 20- and 50-day moving average price and is in a bullish mode. It ended its latest trading session 3.93 percent lower at $95.14. Baidu.com exchanged 6.93 million shares during yesterday’s session. The stock has underperformed the broader markets and has lost 3.90 percent so far this year. However, it is likely to go up to $96.31 in the coming sessions. Its second resistance level is at $99.08. The company commands market capitalization of $33.27 billion. Sign up and have access to our free report on BIDU at
Youku Tudou Inc. closed its Wednesday’s session with strong downward movement, accompanied with below average volume. The stock ended the day at $19.34, down 5.84 percent from its previous close. It traded in the range of $19.16 and $21.10 during the session. Shares of the company are highly volatile as it commands beta of 3.18. The company’s current market capitalization stands at $3.19 billion. The stock has gained 9.27 percent on a YTD basis while its 52 weeks loss stands at 4.59 percent. Sign up and read the complimentary report on YOKU at
Tripadvisor Inc. is trading above its short-term moving average price, indicating a bullish trend. It also closed its latest trading session at $61.51, 1.33 percent lower. The stock made a downward movement with below average volume of 2.05 million shares. Tripadvisor trades at beta of 0.32 which is indicative of low volatility. However, the stock provided good return to its shareholders as it appreciated 48.79 percent this year. Stock of the company also grew 51.28 percent in the past 52 weeks. The free report on TRIP can be downloaded by signing up now at
ValueClick Inc is currently trading in oversold territory with its Relative Strength Index at 30.97. Consequently, the stock may see some good gains in the coming sessions. It closed its yesterday’s session at $25.72, down 2.32 percent. The stock is currently in a neutral mode and may touch $25.32 level in the coming days. Upon breaching this level, the stock’s next support price is at $24.09. ValueClick’s stock is highly volatile with its beta at 1.45. So far in 2013, the stock appreciated 35.37 percent. Free report on VCLK can be accessed by registering at
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William T. Knight
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