Top Performer for Wed: Shanda (SNDA) – Zacks #1 Rank Top Performers
James Giaquinto (July 1st, 2009) Writes:
< ?DART(15);?> The Chinese interactive entertainment company has an excellent record of surpassing Wall Street's quarterly profit expectations, and has made the Zacks #1 Rank Top Performers List for Wednesday with a gain of more than 7%.
SNDA is moving today on lower-than-normal volume of approximately 835,000 shares, compared to the daily average of 1.38 million.
Expectations Higher Than 1 Month Ago
SNDA has a lot of things going for it. The company is at the heart of a surging video game market in a growing economy. Furthermore, SNDA is the leading online gaming company in China, where that form of entertainment is much more popular. (The U.S. is more focused on consoles.)
Such factors have led to a number of strong
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