Stocks Buzz: Baidu Inc (ADR) (NASDAQ:BIDU), YRC Worldwide, Inc. (NASDAQ:YRCW), Tripadvisor Inc (NASDAQ:TRIP)
Lakeway, NY — (Market News Call) — 10/21/2013 — Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Baidu Inc (ADR)(NASDAQ:BIDU), YRC Worldwide, Inc.(NASDAQ:YRCW), Tripadvisor Inc(NASDAQ:TRIP).
Deutsche Bank raised their Tripadvisor Inc(NASDAQ:TRIP) target to $84 from $73. DB reiterates its bullish long-term view on co’s shares and see substantial long-term upside as co consolidates share of travel planning. DB scraper data shows bids normalizing with Expedia and Booking.com now vying for top placement at quarter-end, confirming the meta drag bottoming in 3Q. Checks with co’s partners point to strong interest from independent hotels. They cut estimates on CEO commentary but see acceleration in 4Q and 2014 boosted by TV spend, off to a robust start in 4Q. They would be aggressive buyers of the shares on any weakness around 3Q results.
Shares of Baidu Inc (ADR)(NASDAQ:BIDU) correcting this morning after hitting another new 52-week high earlier in the session. The stock is now down 2.20% at $162.26, and made a new 52-week high of $167.55. Today’s fall should be on account of profit booking as the stock had gained about 18% from its last week low of $142. The recent rally in the stock was driven by a bullish note from Citi, which had upgraded the stock to and set a price target of $175. The stock is up about 64% year to date.
YRC Worldwide, Inc.(NASDAQ:YRCW) is today’s most active loser as the stock has tumbled 17% to $12.19 on very unusual volume of 1.02 million shares – 4X its average volume. There is news that the A New York-based money manager has sold part of its stake in YRC Worldwide Inc. for $7.8 million.
Cyrus Capital Partners, which specializes in buying debt of companies in distress, sold 527,068 shares of the Overland Park-based trucking company on Oct. 16, according to its filing with the Securities and Exchange Commission. It sold the shares privately, according to the filing.
The sale came at $14.78 cents a share. YRC stock was down 16 percent in morning trading, having dropped $2.39 to $12.29. Shares had closed at $15.12 on the date of Cyrus Capital’s private sale.
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