CDC Corp. offer products and services to the customers in Hong Kong, Taiwan, the People’s Republic of China and other parts of Asia, Australia, New Zealand, North America, South America, the United Kingdom, and the rest of Europe. The Company operates in four business segments: software, global services, CDC games and China.com.
Today this stock crossed its 52 weeks landmark $3.17 and volume is so far 4 times higher (90 minutes) than its average volume. Surprisingly this stocks may be missing attention from western investors even after gaining more than 120% in this month only. Is this company just lucky to be there or might be some other secrets behind this?
According to Business Wire.com the company estimates revenue for the second quarter 2009 will increase by approximately 50 percent over revenues in the first quarter 2009. So far I guess this might be the reason why this stock price is climbing so high. Any other reason I left for the readers and stock Gurus to find out for us.