China Mobile (CHL) is among today’s top gainers by market share while Changyou.com (CYOU) was among today’s top losers by percentage change.
China Mobile Ltd. [[CHL]] gained more than 3.3% in normal trading today. China’s largest cellphone company added more than $13 billion in market capitalization despite no news to report.
Changyou.com Ltd. [[CYOU]] lost more than 8.3% despite reporting excellent second quarter results today. The Chinese online game maker recently spun-off from Sohu.com [[SOHU]] reported earnings and revenue in excess of analysts’ expectations, with non-GAAP net income of $0.75 per share on a record $66.6 million in revenue. Furthermore, Citigroup reaffirmed its ‘Buy’ rating and $45 price target on the shares.
CONTACT: 888-288-5215 · Please read our Full Disclaimer pertaining to this article.