Perfect World Falling On Heavy Volume (PWRD)

Chinese online game developer Perfect World Co. PWRD is falling on heavy volume on Thursday. The stock has lost 5.34% to $21.53. Around 1 million PWRD shares have traded hands compared to a daily average of just over 500,000. PWRD has been an absolutely terrible performer over the last year, falling around 50%. In the last month alone, PWRD has lost more than 8%. The median Wall Street price target on this name is $34.00 with a high target of $54.00. Perfect World Co., Ltd. (Perfect World) is an online game developer and operator in People's Republic of China. The Company develops online games based on its game engines and game development platforms. Its technology capabilities consist of its game engines, game development platforms and real-time anti-cheating expertise, all developed and built by its development team.