Changyou.Com (NASDAQ:CYOU) Shares Pass Above 200 Day Moving Average of $14.48
Changyou.Com Ltd (NASDAQ:CYOU) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.48 and traded as high as $6.13. Changyou.Com shares last traded at $6.12, with a volume of 4,935 shares.
CYOU has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Changyou.Com from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine cut shares of Changyou.Com from a “sell” rating to a “strong sell” rating in a report on Monday, June 3rd. BidaskClub cut shares of Changyou.Com from a “sell” rating to a “strong sell” rating in a report on Saturday, July 27th. Finally, Jefferies Financial Group began coverage on shares of Changyou.Com in a report on Monday, August 5th. They issued an “underperform” rating and a $6.90 price target for the company.
The firm has a market capitalization of $318.97 million, a P/E ratio of 3.85 and a beta of 0.72. The business’s 50-day moving average is $7.87 and its 200 day moving average is $14.48.
Large investors have recently bought and sold shares of the company. Aperio Group LLC purchased a new position in shares of Changyou.Com in the 2nd quarter worth $63,000. Jane Street Group LLC purchased a new stake in Changyou.Com during the second quarter worth $121,000. Trexquant Investment LP purchased a new stake in Changyou.Com during the second quarter worth $131,000. Unison Advisors LLC purchased a new stake in Changyou.Com during the second quarter worth $154,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Changyou.Com during the second quarter worth $260,000. Hedge funds and other institutional investors own 25.44% of the company’s stock.
About Changyou.Com (NASDAQ:CYOU)
Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Cinema Advertising segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.
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