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Pre-Market Review On Top Gainers -- Research On SouFun Holdings, CytRx, Iridium Communications, And Qihoo 360 Technology

Stocks in this article: CYTR IRDM QIHU SFUN

LONDON, May 2, 2014 /PRNewswire/ --

The US markets finished on a mixed note on Thursday, May 01, 2014, with the NASDAQ Composite closing at 4,127.45, up 0.31%, the Dow Jones Industrial Average ending the session at 16,558.87, down 0.13% and the S&P 500 finishing 0.01% lower at 1,883.68. During the trading session, five out of ten sectors finished on a positive note. A number of stocks saw large movements, including SouFun Holdings Ltd (NYSE: SFUN), CytRx Corp. (NASDAQ: CYTR), Iridium Communications Inc. (NASDAQ: IRDM) and Qihoo 360 Technology Co. Ltd (NYSE: QIHU). Free technical research on SFUN, CYTR, IRDM and QIHU can be downloaded upon signing up at: On Thursday, shares in SouFun Holdings Ltd fluctuated between $11.77 and $12.78 before ending the session 6.29% higher at $12.51. Shares in SouFun Holdings Ltd reported a trading volume of 4.49 million shares, much below its three months average volume of 9.41 million shares. SouFun Holdings Ltd's shares have gained 2.21% in the previous three trading sessions. However, the company's stock has declined 16.71% in the last one month and 24.10% on YTD basis. The S&P 500 Information Technology Sector Index edged lower by 0.02% during the trading session, while it has charted up 4.76% in the last three months. The stock is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $14.93 is above its 200-day moving average of $12.63. SouFun Holdings Ltd's stock traded at a PE ratio of 17.58 and has a Relative Strength Index (RSI) of 35.40. Sign up today to read free research on SFUN at: CytRx Corp.'s stock surged 15.64% on Thursday, closing the day at $3.55. The stock recorded a trading volume of 4.35 million shares, above its three months average volume of 2.54 million shares. The stock oscillated between $3.10 and $3.62 during the trading session. CytRx Corp.'s stock has surged 17.94% over the previous three trading sessions. However, it has fallen by 1.11% in the last one month and 43.38% since the start of this year. The S&P 500 Health Care Sector Index mapped a gain of 0.16% during the trading session and 0.92% in the previous three trading sessions. The stock is trading below its 50-day and 200-day moving averages of $4.18 and $3.79, respectively. Further, shares of the company have an RSI of 38.47. On the same day, CytRx Corp. reported its Q1 FY 2014 (period ended March 31, 2014) financial results. The company informed that its net income during the quarter stood at $4.7 million, or $0.09 per share, compared with a net loss of $6.9 million, or $0.23 per share, in Q1 FY 2013. Sign up today to read free research on CYTR at: On Thursday, shares in Iridium Communications Inc. recorded a trading volume of 3.84 million shares, much above its three months average volume of 0.85 million shares. The stock ended the day at $7.61, which was 14.09% above its previous day's closing, and registered an intraday range of $7.05 and $7.88. Over the previous three months and on YTD basis, Iridium Communications Inc.'s shares have surged 20.03% and 21.74%, respectively. Although the stock has edged lower by 0.13% one month. The S&P 500 Telecommunication Services Sector Index gained 0.36% during the trading session, and the index has charted up 0.53% in the last one month. The company's 50-day moving average of $7.11 is above its 200-day moving average of $6.70. On the same day, Iridium Communications Inc. announced its Q1 FY 2014 results. The company reported that its Q1 FY 2014 net income increased to $16.5 million, or $0.19 per diluted share, compared with net income of $14.9 million, or $0.17 per diluted share, in the year-ago quarter. Moreover, the company announced that its revenue in Q1 FY 2014 stood at $98.0 million, representing a hike of 10% from a year-ago period. Sign up today to read free research on IRDM at: Shares in Qihoo 360 Technology Co. Ltd finished Thursday's session 4.21% higher at $87.93. A total of 3.38 million shares were traded, above its three months average volume of 3.34 million shares. The stock moved between $84.43 and $89.70 during the session. The company's stock traded at a PE ratio of 183.19. Over the previous three trading sessions and from the year's start, Qihoo 360 Technology Co. Ltd's stock has advanced 3.72% and 7.17%, respectively. However, the stock has lost 14.63% in the last one month. The S&P 500 Information Technology Sector Index mapped a loss of 0.02% during the trading session, and the index has declined 1.12% in the last one month. The company's shares are trading below their 50-day moving average. The stock's 50-day moving average of $101.43 is above its 200-day moving average of $86.70. Furthermore, Qihoo 360 Technology Co. Ltd's stock has an RSI of 38.68. Sign up today to read free research on QIHU at: =============== EDITOR'S NOTES: =============== 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] 5. For any urgent concerns or inquiries, please contact us at compliance [at] 6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-Edge, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Investor-Edge in this article or report according to the procedures outlined by Investor-Edge. Investor-Edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Investor-Edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Investor-Edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-Edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-Edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-Edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Investor-Edge

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