Services Sector Top Losers: Renren (NYSE:RENN), New Oriental Education & Tech Grp (NYSE:EDU), AirMedia Group (NASDAQ:AMCN), LITB
Renren Inc (NYSE:RENN) announced that it will report its unaudited financial results for the fourth quarter and fiscal year 2013 on Tuesday, March 18, 2014, after the close of the U.S. markets. Renren Inc (NYSE:RENN) stock opened at $4.41 in last session, and closed at $4.21, while the day range of stock is $4.20 – $4.47. The stock showed a positive weekly performance of 16.62%.
New Oriental Education & Tech Grp (ADR) (NYSE:EDU) announced on February 25 that it would invest $150M in an online education initiative, Wells Fargo doesn’t think YY poses a significant threat to New Oriental Education. The firm believes the sell-off in New Oriental Education is overdone and keeps an Outperform rating on the stock. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) stock opened at $28.28, in last session and closed at $26.50, by losing -5.93%. The 52 week range of the stock is $14.40 – $34.50. Company’s market capitalization is $4.15 billion.
EVA Dimensions lowered shares of Airmedia Group (NASDAQ:AMCN) from a buy rating to a hold rating in a research report released on Thursday morning, AmericanBankingNews.com reports. AirMedia Group Inc (ADR) (NASDAQ:AMCN) stock decreased -7.04% and finished the last session at $2.64. The EPS of the stock remained -0.15. Company’s market capitalization is $161.19 million.
Lightinthebox Holding Co Ltd (ADR) (NYSE:LITB) which is a leading online retail company that deals directly with consumers posted its fourth quarter and full year earnings in which revenues grew by 21.6% as the company continues to grow in the highly competitive market. Lightinthebox Holding Co Ltd-ADR (NYSE:LITB) stock opened the session at $9.08, and closed the session at $8.67. The 52 week range of the stock remained $6.18 – $23.38 and the day range was $8.50 – $9.12.