Dallas 9/28/2010 2:16:59 AM
News / Business

Large Cap Stock Movers (BIDU, AA, GE, Citigroup)

Large Cap Stock

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) added 3.51% to $101.26 on over 5.70 million shares after it created its new 52-week high of $102.24. The stock moved in an intraday range of $99.45-$102.24. So far this year, the stock soared over 143%.

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The company has Price/Sales ratio of 39.70. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $84.41 and $72.69 respectively.

The company is a Chinese-language Internet search provider. The Company conducts its operations in China principally through Baidu Online Network Technology (Beijing) Co., Ltd., its wholly owned subsidiary in Beijing, China.

Alcoa Inc. (NYSE:AA) lost 1.48% to $12.02 with over 4.53 million shares. Over the past 52-weeks, the stock traded within the range of $9.81-$17.60. The stock is down more than 26% year-to-date.

The median Wall Street price target on the stock is $14 and the high target is set at $26.40 with majority of analysts have a Hold rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $10.97 and $11.99 respectively.

General Electric Company (NYSE:GE) slid 0.57% to $16.57 after 6.62 million shares of trade. At current market price, the market capitalization of the stock stands at $177.10 billion.

The company announced that its subsidiary, NBC Universal, Inc., proposes to offer senior unsecured notes in a private placement.

Vivendi announced that it has concluded the sale of 7.66% of NBC Universal to GE for $2 billion. The remainder of Vivendi`s stake, or 12.34%, will be sold for $3.8 billion to GE upon completion of the GE - Comcast transaction.

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Citigroup Inc. (NYSE:C) surged 0.28% to $3.91 after 93.51 million shares. Over the past 52-week, the stock traded within the range of $3.11-$5.07. The stock is up more than 17% year-to-date.

The median Wall Street price target on the stock is $5.50 and the high target is set at $6.90 with majority of the analyst has a Hold rating on the company`s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $3.87 and $4.05 respectively.

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