NASDAQ Bearish STocks: G&K Services (NASDAQ:GK), Corinthian Colleges (NASDAQ:COCO), Guanwei Recycling (NASDAQ:GPRC), Xoom Corp (NASDAQ:XOOM), Hanwha Solarone (NASDAQ:HSOL)

Technology Stocks News 3

G&K Services Inc (NASDAQ:GK) was upgraded by equities research analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday,TheFlyOnTheWall.com reports.Analysts at Robert W. Baird downgraded shares of G & K Services from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $72.00 price target on the stock. They noted that the move was a valuation call. G&K Services Inc (NASDAQ:GK) stock performance was 1.90% in last session and finished the day at $50.54. Traded volume was 236,028 shares in the last session and the average volume of the stock remained 95.02K shares. The beta of the stock remained 1.43. G&K Services Inc (NASDAQ:GK) insider ownership is 2.20%.

Corinthian Colleges Inc (NASDAQ:COCO) reported on May 12, 2104 that it had reached agreement with the lenders in its syndicated credit facility to amend the facility and to waive an event of default. The default had occurred as a result of the deferred tax asset valuation allowance the Company recorded during the quarter ended March 31, 2014. Corinthian Colleges Inc (NASDAQ:COCO) dropped -5.73% to $0.952 yesterday on volume of 1,515,012 shares. The intra-day range of the stock was $0.92 – 1.05. Corinthian Colleges Inc (NASDAQ:COCO) has a market capitalization of $83.44 million.

Guanwei Recycling Corp. (NASDAQ:GPRC), China’s leading clean tech manufacturer of recycled low density polyethylene (LDPE), on May 15, 2014 reported that weaker than anticipated demand from customers, a worsened South China labor shortage in the quarter, and changes in manufacturing implemented to comply with new government environmental rules, were key factors in generating lower year over year comparisons in its first quarter ended March 31, 2014. Guanwei Recycling Corp. (NASDAQ:GPRC)’s stock on May 16, 2014 reported a decrease of -16.97% to the closing price of $1.37. Its fifty two weeks range is $1.27 – 3.88. The total market capitalization recorded $14.26 million. The overall volume in the last trading session was 409,822 shares. In its share capital, Guanwei Recycling Corp. (NASDAQ:GPRC) has 10.40 million outstanding shares.

Xoom Corp (NASDAQ:XOOM)’s Director of Public Relations, Robin Carr Said, “Xoom is a pioneer in the digital money transfer market, providing customers with an easy to use, cost-effective and safe way of sending money to loved ones in 31 countries. In addition to fast and simple money transfers on-the-go, Xoom customers can use the Xoom App to track the status of their money transfer as their money moves to their loved ones. Plus, customers can review Xoom’s low fees, check exchange rates and contact customer service 24/7. To receive the five-star rating from TopConsumerReviews.com further demonstrates our commitment to our customers – and we thank you for acknowledging Xoom. This is a terrific honor!” On Friday, shares of Xoom Corp (NASDAQ:XOOM) dropped -5.65% to close the day at $20.55 . Company return on investment (ROI) is 3.40% and its monthly performance is recorded as 4.53%. Xoom Corp (NASDAQ:XOOM) quarterly revenue growth is -21.71%.

The management of Hanwha Solarone Co Ltd (NASDAQ:HSOL), recently announced that they had successfully completed the installation of a 31MW project. This was a rooftop project in the Guangdon region in southern China. The CFO of the company announced that this was for a large government owned enterprise with whom they had entered into in 2013. This pilot project has laid the foundations of further collaboration with the same party. This would involve the development of the PV Solar Systems across other regions in China. On Friday, shares of Hanwha Solarone Co Ltd (NASDAQ:HSOL) dropped -9.02% to close the day at $2.22. Company return on investment (ROI) is -17.40% and its monthly performance is recorded as -16.54%. Hanwha Solarone Co Ltd (NASDAQ:HSOL) quarterly revenue growth is -25.00%.

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