SouFun Holdings Shares Fall 8.4% (SFUN)

Shares of SouFun Holdings Limited SFUN are trading down 8.4% at $68.99 per share during the Monday afternoon trading session. Last week the company said that it agreed to buy a building in Manhattan that was formerly owned by American International Group, Inc. AIG. SouFun Holdings will spend $46 million on the building that it plans to use as a training center. The day's trading range for shares of SouFun Holdings Limited has been between $67.88 and $75.74 per share. Trading volume for SouFun Holdings Limited (SFUN) has been slightly heavier than usual, with 139,000 shares having been traded today, above the daily average volume of 123,000 shares. SouFun Holdings Limited operates the leading real estate Internet portal and home furnishing and improvement website in China in terms of the number of page views and visitors to its website in 2009. SouFun has built a large and active community of users who are attracted by the comprehensive real estate and home furnishing and improvement content available on its portal that forms the foundation of its service offerings. Read more from Benzinga's Company news.