Education Management Corp. (NASDAQ:EDMC) the Downtown-based company that manages four chains of for-profit colleges across the country, laid off 250 people this week. That included 110 in the company’s Pittsburgh offices — 30 on Thursday and 80 earlier this week. Education Management Corp (NASDAQ:EDMC) net profit margin is -20.60% and weekly performance is -7.14%. On last trading day company shares ended up $1.69. Analysts mean target price for the company is $3.88. Education Management Corp (NASDAQ:EDMC) distance from 50-day simple moving average (SMA50) is -31.48%.
FreeSeas Inc. (NASDAQ:FREE) on June 2 announced that on May 30, 2014, it paid $22.6 million in full settlement of $37.6 million of debt owed to Credit Suisse using funds from the $25 million proceeds of the Company’s sale of the Series D Convertible Preferred Stock and Series C Warrants concluded on May 28, 2014. FreeSeas Inc. (NASDAQ:FREE) shares fell -12.12% in last trading session and ended the day on $0.600. FreeSeas Inc. (NASDAQ:FREE) quarterly performance is -63.61%.
Morgan Stanley began coverage on shares of Staples Inc. (NASDAQ:SPLS) in a research note issued on Tuesday. The firm set an “underweight” rating and a $11.00 price target on the stock. Morgan Stanley’s target price points to a potential upside of 0.64% from the stock’s previous close. Staples, Inc. (NASDAQ:SPLS) shares moved down -0.09% in last trading session and was closed at $10.92, while trading in range of $10.70 – $10.99. Staples, Inc. (NASDAQ:SPLS) year to date (YTD) performance is -29.82%.
In accordance with the New York & Company, Inc. (NYSE:NWY) notice and proxy statement dated May 5, 2014 the Company held its Annual Meeting of Stockholders on June 16, 2014 (the “meeting”). Holders of 60,541,945 shares of the Company’s common stock were present in person or by proxy, representing approximately 95.3% of the Company’s 63,558,008 shares outstanding on the record date of April 21, 2014. New York & Company, Inc. (NYSE:NWY) ended the last trading day at $3.65. Company weekly volatility is calculated as 3.20% and price to cash ratio as 4.89.New York & Company, Inc. (NYSE:NWY) showed a negative weekly performance of -5.44%.