Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of China-based online gaming operator Changyou.com
So what: First-quarter earnings of $0.99 per depositary share on revenues of $97.1 million crushed analyst targets and beat management guidance. Moreover, the company announced taking majority ownership of Web-based gaming outfit 7Road, adding another high-octane log to Changyou's fires.
Now what: The stock has gained 35% over the last three months. While impressive, that return trails Changyou parent Sohu.com
Interested in more info on Changyou.com? Add it to your watchlist.