Wal-Mart Stores Inc (NYSE:WMT) currently has 10% of the market share in consumer electronics, the category under which video games fall. On the other hand, Best Buy holds a 22% share in the America consumer electronics market. It might be hard for GameStop to beat this challenge but considering the size of competitor they have crossed over in the past. Wal-Mart Stores, Inc. (NYSE:WMT) shares after opening at $72.02 moved to $75.68 on last trade day and at the end of the day closed at $75.38. Company price to sales ratio in past twelve months was calculated as 0.51 and price to cash ratio as 33.54. Wal-Mart Stores, Inc. (NYSE:WMT) showed a positive weekly performance of 0.60%.
Recently, McKesson Corporation announced that it has now expanded its distribution- agreement with the Rite Aid Corporation (NYSE:RAD).This agreement includes brand & generic pharmaceuticals. This new agreement spans 5 years upto Mar 2019. It will allow both these companies to leverage the other’s expertise. Rite Aid Corporation (NYSE:RAD) is one of the front-running national drug-store chains in the United States and McKesson is the leader in pharma sourcing as well as supply-chain management. According to the terms of the expanded agreement, McKesson will now be responsible for sourcing & the distribution of generic- pharmaceuticals for Rite Aid Corporation (NYSE:RAD) as a part of the proprietary One-Stop Generics program. Rite Aid Corporation (NYSE:RAD) shares advanced 0.59% in last trading session and ended the day on $6.87. RAD return on equity ratio is recorded as -11.30% and its return on assets is 4.00%. Rite Aid Corporation (NYSE:RAD) yearly performance is 254.12%.
DryShips Inc (NASDAQ:DRYS) is an international provider of its marine transportation services to the drybulk and the petroleum cargoes, and via its majority-owned subsidiary, Ocean Rig UDW Inc, of the offshore deep-water drilling services. The company announced that its subsidiary, Ocean Rig intends, and subject to market & other conditions, to offer the $500M in aggregate principal-amount of its senior notes that are due in 2019 in the private offering in the United States to the qualified institutional-buyers and will be pursuant to the Rule 144A under the 1933 Securities Act, as amended & to some other people outside the United States in reliance on the Regulation S that is under the Securities Act. DryShips Inc. (NASDAQ:DRYS) shares moved down -2.37% in last trading session and was closed at $3.49, while trading in range of $3.45-$3.60. DryShips Inc. (NASDAQ:DRYS) year to date performance is -25.64%.
Office Depot (NYSE:ODP) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday,TheFlyOnTheWall.com reports. Office Depot Inc (NYSE:ODP) weekly performance is 1.34%. On last trading day company shares ended up $4.55. Office Depot Inc (NYSE:ODP) distance from 50-day simple moving average is -7.09%. Analysts mean target price for the company is $6.09.
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