Youku.com Inc YOKU shares are actually higher today, despite the sharp losses being seen in the broader equity markets.
Volume is exceptionally high today, too, with almost 2 million shares being traded. It's interesting to note that shares of Youku.com rose sharply yesterday, then sold off sharply to close the day on explanation.
This could be a sign that institutional investors are moving into the name, which suggests further share price appreciation.
At last check, shares of the Chinese Youtube were trading at $42.10, a gain of $1.19 or 2.91%.
Youku.com operates as a Chinese Internet video Website. It offers user-generated and professional video content in China and internationally. The company also provides Youku Index, an online video ranking to track the popular videos in real-time.
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