Baidu, Inc. (NASDAQ:BIDU) [Trend Analysis] luring active investment momentum, shares a gain 2.37% to $168.30. China’s third-biggest search engine Sogou expects to hold a U.S. initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. (BIDU) in the mobile market, Bloomberg declared.
Sogou plans to sell about 10 percent of its shares in an IPO that will probably be held this year, Bloomberg declared citing an interview with Chief Executive Officer Wang Xiaochuan. The company, which is backed by social media giant Tencent Holdings Ltd. and Sohu.com Inc., hasn’t formally hired banks to run the listing. The total volume of 2.3 Million shares held in the session was surprisingly higher than its average volume of 2063.20 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 154.80%, and looking further price to next year’s EPS is 32.44%. While take a short look on price to sales ratio, that was 5.65 and price to earnings ratio of 12.48 attracting passive investors.
Shares of HCP, Inc. (NYSE:HCP) [Trend Analysis] runs in leading trade, it surging 0.20% to traded at $29.78. The firm has price volatility of 1.58% for a week and 2.35% for a month. Its beta stands at 0.27 times. HCP (HCP) declared that on December 30, 2016, its Board of Directors elected Tom Herzog as Chief Executive Officer and as a member of the Board. The Board also elected Justin Hutchens as President. Both elections were effective January 1, 2017. Mr. Herzog previously served as Chief Financial Officer (CFO) since rejoining the Company in June 2016, and also served as the Company’s CFO from 2009 to 2011. He will report to Mike McKee, HCP’s Executive Chairman. Mr. Hutchens will report to Mr. Herzog. Narrow down four to firm performance, its weekly performance was 1.85% and monthly performance was 0.64%. The stock price of HCP is moving up from its 20 days moving average with 0.79% and isolated positively from 50 days moving average with 0.28%.