Stock NEWS Spotlight

Stock NEWS Spotlight:- Inc. (NASDAQ: SOHU)

Spread the love 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 NEWS Spotlight traded 501.24K shares. The Stock has market cap of $1471.63M and relative volume of 0.64 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 Stock NEWS Spotlight 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 Limited, a Cayman Islands company (“Sohu Cayman”), will be distributed to the Stock NEWS Spotlight  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 Stock NEWS Spotlight held immediately prior to the Effective Time, on a share-for-shares basis. Inc. (SOHU) Stock NEWS Spotlight 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 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%.

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