Top News: Weibo Corp (ADR) (NASDAQ:WB), Yandex (NASDAQ:YNDX), Baidu (NASDAQ:BIDU), Qihoo 360 Technology (NYSE:QIHU), Tencent Holdings (OTCMKTS:TCTZF)

Technology Stocks News 14

Credit Suisse began coverage on shares of Weibo Corp (ADR) (NYSE:WB) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $23.00 price objective on the stock. Weibo Corp (ADR) (NASDAQ:WB) stock performance was 2.95% in last session and finished the day at $22.00. Traded volume was 2.29million shares in the last session and the average volume of the stock remained 2.85million shares.

Yandex NV (NASDAQ: YNDX) on 16 June 2014 announced that it has agreed to acquire Auto.ru, one of the leading online auto classifieds businesses in Russia. Yandex NV (NASDAQ:YNDX) dropped -1.06 percent to $34.64 Wednesday on volume of 2.92million shares. The intra-day range of the stock was $34.33 to $35.65. Yandex NV (NASDAQ:YNDX) has a market capitalization of $11.13billion.

Baidu Inc (ADR) (NASDAQ:BIDU) is a Chinese company that is the most commonly used to search online in China. The company seems to be one of the favorites of Justin Leverenz, director of Emerging Markets Equities and he loves investing with search engines around the globe. Baidu Inc (ADR) (NASDAQ:BIDU)’s stock on July 02, 2014 reported a decrease of -0.69% to the closing price of $189.96. Its fifty two weeks range is $88.89 -$193.89. The total market capitalization recorded $66.56billion. The overall volume in the last trading session was 3.36million shares. In its share capital, BIDU has 350.30million outstanding shares.

In Tuesday’s session, Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) jumped nearly 4% after receiving some analyst attention, but the Chinese Internet stock is working hard to become the top player in its market. On Wednesday, shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) advanced 1.70% to close the day at $96.66. Company return on investment (ROI) is 5.50% and its monthly performance is recorded as 12.58%. Qihoo 360 Technology Co Ltd (NYSE:QIHU) quarterly revenue growth is -1.56%.

Tencent Holdings Ltd. (OTCMKTS:TCTZF), the biggest Internet company in Asia, made an official statement today revealing that it reached an agreement to acquire a stake in 58.com, which is a site similar to Craigslist, in a deal that is estimated at $736 million. Tencent Holdings Ltd (OTCMKTS:TCTZF) stock performance was 2.66% in last session and finished the day at $15.87. Traded volume was 18,453.00million shares in the last session. The beta of the stock remained 1.50.

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