Services sector bearish Stocks: VisionChina Media (NASDAQ:VISN), 500.com (NYSE:WBAI), China Distance Education Hldgs (NYSE:DL), Shutterstock Inc (NYSE:SSTK)



VisionChina Media Inc. (ADR) (NASDAQ:VISN), one of China’s largest out-of-home digital television advertising networks on mass transportation systems, today announced it has entered into a strategic partnership with China United Network Communications Group Co., Ltd. (“China Unicom”), China’s second largest mobile communications operator. VisionChina Media Inc (ADR) (NASDAQ:VISN) stock performance was -13.14% in last session and finished the day at $24.32. Traded volume was 227,248.00million shares in the last session and the average volume of the stock remained 179.90K shares. The beta of the stock remained 2.67. VisionChina Media Inc (ADR) (NASDAQ:VISN) insider ownership is 11.96%.

David Wei, the former chief executive of Alibaba marketplace Alibaba.com, said Wednesday that his private equity fund, Vision Knight Capital, just raised $550 million in a second round of investment. Vision Knight is also an investor in Nasdaq-listed 500.com Ltd (NYSE:WBAI), a Chinese online sports lottery operator, according to Wei. 500.com Ltd (NYSE:WBAI) dropped -7.11 percent to $34.09 Thursday on volume of 285,060.00million shares. The intra-day range of the stock was $33.90 to $37.44. 500.com Ltd (NYSE:WBAI) has a market capitalization of $1.87billion.

China Distance Education Holdings Ltd (ADR) (NYSE:DL) was upgraded by analysts at Zacks from a neutral rating to an outperform rating. China Distance Education Hldgs Ltd (ADR) (NYSE:DL)’s stock on Apr 10, 2014 reported a decrease of -9.01% to the closing price of $15.14. Its fifty two weeks range is $4.75 -$28.75. The total market capitalization recorded $516.03million. The overall volume in the last trading session was 295,661.00million shares. In its share capital, DL has 36.09million outstanding shares.

Shutterstock Inc (NYSE:SSTK) COO Thilo Semmelbauer sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $73.71, for a total value of $368,550.00. On Thursday, shares of Shutterstock Inc (NYSE:SSTK) dropped -9.05% to close the day at $66.39. Company return on investment (ROI) is 57.30% and its monthly performance is recorded as -22.25%. Shutterstock Inc (NYSE:SSTK) quarterly revenue growth is -23.16%.

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