Qihoo 360 shares low in Wednesday, followed by shock downward

Summary: Check the latest quotes Beijing time August 28 Evening News, Qihoo 360 (Nyse:qihu) stock prices opened in Wednesday, after the shock downward, the highest decline of more than 7%. As of 22:10, Qihoo 360 fell 7.44% and reported $73.36. Qihoo 360 this Morning Xuan

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The August 28 Evening News of Beijing Time, Qihoo 360 (Nyse:qihu) stock prices opened in Wednesday, after the shock downward, the highest decline of more than 7%. As of 22:10, Qihoo 360 fell 7.44% and reported $73.36.

Qihoo 360 announced this morning that the company plans to issue an advanced convertible bill that expires in 2018 and is 550 million dollars in size.

Goldman Sachs, an investment agency, expects the release to dilute 4% to 6% per cent of the odd tigers ' share of diluted earnings. Goldman Sachs continued to maintain the "neutral" rating of Qihoo 360, while maintaining its 72 dollar target share price unchanged.