Shanda Interactive (NASDAQ:SNDA), one of the largest online game developer and operator in China, is trading at $50.67 at noon on Tuesday. This is a remarkable drop just in two weeks from its all time high of $63.66. The question is: what went wrong and just as importantly, what's next for the stock.
If history can be a guide to future performance, Shandha will bounce back strongly just in a few days. According to Chinavestor analysis, Shanda makes a strong comeback after falling 20% just in two weeks. The bounce back is usually short and is strong, on average Shanda shares gain 16.1% just in seven days.
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