SOHU - Why Sohu.com Stock Is Up Over 35% So Far This Week
Shares of Sohu.com (NASDAQ: SOHU) are jumping so far this week, although it is unclear what, if anything, is causing the stock to move. The Chinese small-cap owns a network of web properties, including Sohu.com. Sogu.com, and tv.sohu.com. As of 2:05 p.m. EDT on Thursday, the stock was up 35.1% on the week.
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With no news or releases from Sohu this week, it is unclear why the stock is up so much. (Since it is a Chinese stock, there is always the possibility news was released but didn't make it to the Western media.) But on Thursday, Sohu's trading volume indicated an increase in demand for the stock right now.
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Why Sohu.com Stock Is Up Over 35% So Far This Week