Shanda Interactive Entertainment Rises On Unusually High Volume (SNDA)
Shanda Interactive Entertainment (Nasdaq:SNDA) is trading at unusually high volume Tuesday with 748,774 shares changing hands. It is currently at 4.3 times its average daily volume and trading up 95 cents (+2.4%).
NEW YORK ( TheStreet) -- Shanda Interactive Entertainment (Nasdaq: SNDA) is trading at unusually high volume Tuesday with 748,774 shares changing hands. It is currently at 4.3 times its average daily volume and trading up 95 cents (+2.4%) at $40.34 as of 2:41 p.m. ET. Shanda Interactive Entertainment has a market cap of $2.66 billion and is part of the technology sector and computer software & services industry. Shares are down 0.6% year to date as of the close of trading on Monday. Shanda Interactive Entertainment Limited, together with its subsidiaries, operates as an entertainment media company in the People's Republic of China. It engages in the development and operation of online games on an integrated platform. The company has a P/E ratio of 27.4, below the average computer software & services industry P/E ratio of 47.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Shanda Interactive Entertainment as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Shanda Interactive Entertainment Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
Shares of Shanda Interactive Entertainment (Nasdaq:SNDA) were gapping up Monday morning with an open price 13.5% higher than Friday's closing price. The stock closed at $33.48 yesterday and opened today's trading at $38.01.