TheStreet highlights 3 stocks pushing the Media industry lower today.
TheStreet highlights 3 stocks pushing the Media industry lower today.
TheStreet highlights 3 stocks that pushed the Media industry
Shares of Ku6 Media (KUTV) are surging Tuesday on news that controlling shareholder Shanda Media will sell a 41% of the company to Xu Xudong.
These under-$10 stocks look ready to trade higher from current levels.
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
Ku6 Media was a leading decliner within the media industry, falling one cent (-0.5%) to $1.85 on light volume.
Shares of Ku6 Media (Nasdaq:KUTV) were gapping down Monday morning with an open price 15.5% lower than Friday's closing price. The stock closed at $2.20 yesterday and opened today's trading at $1.86.
China's technology stocks and Brazil's airline stocks were among last week's winners.
Ku6 Media (Nasdaq:KUTV) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 33 cents (-4.3%).
China's airline and Brazil's telecom stocks accumulated significant gains during the past week.
