Market Movers: Baidu Inc (ADR) (NASDAQ:BIDU), 3D Systems Corporation (NYSE:DDD), SINA Corp (NASDAQ:SINA), Linn Energy (NASDAQ:LINE)

Technology Stocks News 14

Some insiders said Baidu (ADR)(NASDAQ:BIDU), the largest shareholder of Qunar.com, is leadingmoves toward consolidation.”Integration in the online travel agency industry is actually being pushed by the three giants in China’s international industry: Tencent, Baidu Inc (ADR) (NASDAQ:BIDU) and Alibaba Group Holding Ltd,”said Wei Changren, general manager of Ctcnn.com Inc, an analysis company focusing onthe travel industry. Baidu Inc (ADR) (NASDAQ:BIDU) stock performance was -0.81% in last session and finished the day at $149.74. Traded volume was 4.39million shares in the last session and the average volume of the stock remained 4.85million shares. The beta of the stock remained 2.05. Baidu Inc (ADR) (NASDAQ:BIDU) insider ownership is 0.13%.

The CEO of 3D Systems Corporation (NYSE:DDD) Avi Reichental stated via a keynote address at the trade show that 3D printing allows for faster and almost inexpensive parts for such items, and designing and prototyping the parts becomes easier. 3D Systems Corporation (NYSE:DDD) dropped -1.46 percent to $48.07 Friday on volume of 6.55million shares. The intra-day range of the stock was $47.17 to $50.85. 3D Systems Corporation (NYSE:DDD) has a market capitalization of $4.96billion.

SINA Corp (NASDAQ:SINA) is expected to spin off Weibo in an IPO on April 17, with Goldman Sachs (Asia) and Credit Suisse serving as the lead underwriters. Weibo’s 20 million shares are likely to be priced at $17-$19 each, based on a $3.2-$3.6 billion enterprise valuation. SINA Corp (NASDAQ:SINA)’s stock on Apr 11, 2014 reported a decrease of -1.35% to the closing price of $52.46. Its fifty two weeks range is $45.54-$92.83. The total market capitalization recorded $3.50billion. The overall volume in the last trading session was 5.09million shares. In its share capital, SINA has 66.75million outstanding shares.

Linn Energy LLC (NASDAQ:LINE) Director George Alcorn unloaded 5,000 shares of the stock on the open market in a transaction dated Tuesday, April 8th. Analysts at Citic Securities Co., Ltd downgraded shares of Linn Energy from a “buy” rating to a “neutral” rating in a research note on Sunday, April 6th. On Friday, shares of Linn Energy LLC (NASDAQ:LINE) advanced 0.96% to close the day at $28.43. Company return on investment (ROI) is -1.70% and its monthly performance is recorded as -0.46%. Linn Energy LLC (NASDAQ:LINE) quarterly revenue growth is -9.89%.

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