Dangdang and 2 NYSE Stocks to WATCH
E-Commerce China Dangdang Inc. (NYSE:DANG): The Marbridge Daily reports that the company has been appointed the sole operator of two channels to be launched soon on Tencent’s (TCEHY) QQ Buy B2B2C platform. The shares have traded in a 52-week range of $4.11 to $14.88.
Youku Inc. American Depositary (NYSE:YOKU): Here are some key takeaways from Nomura analyst Jin Yoon’s meeting with the management of Youku: Management feels that cost of bandwidth should steady up henceforth; the company’s ad prices are more than 20 percent higher than those of Tudou; and that a ‘rationalization pattern’ is visible on the cost of acquiring content, which has seen a sharp upward movement in recent times. The shares have traded in a 52-week range of $13.76 to $40.65.
US Airways Group, Inc. New USA (NYSE:LCC): According to a report in Reuters, US Airways Group (NYSE:LCC) would like to put in its application to U.S. anti-trust regulators as early as next month for a review of its proposed merger with AMR Corp. (AAMRQ), the parent company of American Airlines which is under bankruptcy proceedings. The shares have traded in a 52-week range of $3.96 to $13.35.
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