Stocks Worth Taking A Risk On? Ctrip.com International Ltd (ADR) (CTRP), Cliffs Natural Resources Inc (CLF) and Youku Tudou Inc (ADR) (YOKU)?
New York, NY – GDP INSIDER – 03/24/2015.
This articles discusses three companies: Ctrip.com International Ltd (ADR) (NASDAQ:CTRP), Cliffs Natural Resources Inc (NYSE:CLF) and Youku Tudou Inc (ADR) (NYSE:YOKU)
Ctrip.com International Ltd (ADR) (NASDAQ:CTRP) continued to rise yesterday increasing another 2.22% or $1.28 to close at $58.86 on very active trading of 5.397 million shares. The travel related service provider has been soaring since it released a very positive first quarter sales forecast on Friday that projected revenue will increase by as much as 50% to approximately $390 million. The jump in value has pushed the stock out of its normal trading range of $43.85 to $47.40 and it may fall back slightly, but it is a good hold at the moment.
Cliffs Natural Resources Inc (NYSE:CLF) soared 11.86% or $0.51 yesterday to close at $4.81 on heavy trading of 9.984 million shares. The increases began after Cliffs Natural Resources Inc announced that it is selling its chromite assets in the northern Ontario to Noront Resources Ltd for $20 million, Cliffs Natural Resources Inc also announced that it is offering $500 million in secured 2020 notes which will be used to clear its current credit facility and boost working capital. With RSI of 33.47 the stock is still priced quite low and is a good hold with eye to buying.
Youku Tudou Inc (ADR) (NYSE:YOKU) continued to decline yesterday with the stock dropping 1.33 or $0.18 to close at $13.32 with more than 5.177 million shares changing hands compared to its three month average trading volume of 1.653 million. The internet and television advertising provider has been struggling so far this year with the stock down 25.21%, far underperforming the S&P 500 which is up 2.20% for the same period. The latest drop came after reports showing increased competition in Youku Tudou Inc’s core market, making it a better sell than hold.
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