Sohu.com Inc. (NASDAQ: SOHU) stock price is settled at $37.37 after trading hours. Taking a look at the daily price change trend and size of price movement it is recorded that SOHU spotted a positive behavior with drift of 2.64%. SOHU negotiated the trading capacity of 320540 shares and observing the average volume of last three months the stock traded 501.24K shares. The Stock has market cap of $1471.63M and relative volume of 0.64
Sohu.com Inc. (NASDAQ: SOHU), China’s leading online media, video, search and gaming business group, reported that at a special meeting held on May 29, 2018, Beijing time (the “Special Meeting”), its stockholders approved a proposal for the dissolution of Sohu Delaware (the “Liquidation”) and adoption of a plan of complete liquidation and dissolution of Sohu Delaware (the “Plan of Liquidation”), pursuant to which Sohu Delaware will be dissolved; all outstanding shares of the common stock of Sohu Delaware will be cancelled, and American depositary shares (the “ADSs”) representing ordinary shares of Sohu.com Limited, a Cayman Islands company (“Sohu Cayman”), will be distributed to the stockholders of Sohu Delaware on a pro rata basis.
Sohu Delaware’s present intention is to proceed expeditiously with the Liquidation by filing a Certificate of Dissolution with the Secretary of State of the State of Delaware on May 31, 2018 specifying an effective time for the dissolution of Sohu Delaware on that date of 4:30 PM Eastern Time (such date and time, the “Effective Time”), although the Liquidation may be postponed or abandoned by Sohu Delaware’s Board of Directors at any time prior to the Effective Time. As of the Effective Time Sohu Delaware will distribute to the stockholders of Sohu Delaware ADSs, each representing one ordinary share of Sohu Cayman, equal to the number of shares of the common stock of Sohu Delaware such stockholders held immediately prior to the Effective Time, on a share-for-shares basis.
Sohu.com Inc. (SOHU) stock has been separated -17.39% away from the 200-day MA. Tracking current stock price levels in relation to some other popular moving averages, we have noted that the stock is trading 9.90% away from the 50-day MA and 6.61% off of the 20-day MA. Checking on recent price levels compared to prior highs and lows, we have seen that Sohu.com Inc. (SOHU) recently traded -1.48% away from the 50-day high and moved 39.96% from the 50-day low. Taking a wider observation, the current separation from the one year high is -47.26%, and the distance from the one year low is presently 39.96%.
Jamie French is an author, journalist and CEO of themostactivestocks.review, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. David has always been interested in the stock market and how it behaves.
As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Jamie observations and experience give him the insight to stock market patterns and the investor behaviors that create them.
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