Diamonds and Dogs
4/16/14Autohome Inc. (ATHM)
Autohome Inc. is trading in the green today, up 13.72% to $35.64. The online Chinese car retailer saw its shares spike after an upgrade by Credit Suisse. Credit Suisse upgraded Autohome to neutral with a $36 price target based on valuations. Autohome shares almost hit that $36 target intraday; getting up to $35.94. Shares of the company are still well
off of their 52-week high of $51.98.
Radio Shack Corp. (RSH)
Radio Shack Corp is short circuiting today, down 5.59% to $1.69. The electronic retailer saw its shares fall on news that its competitor; hhgregg, lowered their outlook. Hhgregg pre-announced weaker-than expected results, saying it estimates a loss of $0.17 a share in the fourth quarter. The lower outlook is hurting Radio Shack as investors are expecting Radio Shack to underperform hhgregg. Radio Shack shares fell to a new 52-week low of $1.67 intraday.