E-Commerce China Dangdang (DANG) Sees Action Ahead of Numbers
Posted by The Staff on May 15, 2012 2:18 PM
Shares of E-Commerce China Dangdang Inc. (NYSE: DANG) are on the move today, ahead of financial data out later this week. The stock is up 12 percent intra-day, but still off 65 percent in the past 12 months.
Shares of Dangdang, dubbed the Amazon of China, made their IPO debut in December of 2010, when the stock jumped 87 percent on the first day of trading. Since then, the hype has faded, and Dangdang has done little to meet investor expectation.
DANG will report its financial results for the first quarter ended March 31, 2012, prior to the U.S. open on May 17, 2012 and management will host an earnings conference call at 8:00 AM.