Services Sector Stocks Touching New Highs: Southwest Airlines (NYSE:LUV), Macy’s (NYSE:M), The Men’s Wearhouse (NYSE:MW), CBS Corporation (NYSE:CBS)

Technology Stocks News 10

Dallas, Texas-based Southwest Airlines Co. (NYSE:LUV) posted a rise in traffic for Feb 2014. The traffic – measured in revenue passenger miles (RPMs) – came in at 7.14 billion, up 1.2% from 7.06 billion recorded in the comparable month a year ago. Southwest Airlines Co (NYSE:LUV) stock performance was 0.76% in last session and finished the day at $23.78. Traded volume was 7,451,101 million shares in the last session and the average volume of the stock remained 7.92million shares. The beta of the stock remained 1.11. Southwest Airlines Co (NYSE:LUV) insider ownership is 0.30%.

Macy’s (NYSE:M) CFO Karen M. Hoguet unloaded 27,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $58.29, for a total value of $1,602,975.00.Macy’s, Inc. (NYSE:M) rose 1.41 percent to $58.94 yesterday on volume of 5.72 million shares. The intra-day range of the stock was $58.85 to $59.95. Macy’s, Inc. (NYSE:M) has a market capitalization of $59.95 million.

The Men’s Wearhouse Inc. (NYSE:MW) will buy Jos. A. Bank Clothiers for $1.8 billion, the companies said in a news release Tuesday. Boards of directors of the companies have unanimously approved the transaction.The Men’s Wearhouse, Inc. (NYSE:MW)’s stock on Mar 11, 2014 reported an increase of 4.71% to the closing price of $57.14. Its fifty two weeks range is $28.95 -$58.80. The total market capitalization recorded $2.71 billion. The overall volume in the last trading session was 5,501,141 million shares. In its share capital, The Men’s Wearhouse, Inc. (NYSE:MW) has47.54 million outstanding shares.

CBS Corp (NYSE:CBS) Chief Executive Officer Leslie Moonves said the No. 1 rated broadcaster could offer its content directly to consumers over the Internet and cut off its traditional broadcast signal if the Aereo video streaming service is deemed legal. On Tuesday, shares of CBS Corporation (NYSE:CBS) dropped -1.00% to close the day at $66.09. Company return on investment (ROI) is 13.90% and its monthly performance is recorded as 9.44%. CBS Corporation (NYSE:CBS) quarterly revenue growth is 12.63%.

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