Services Sector Top Losers: Genco Shipping (NYSE:GNK), Cinedigm Corp (NASDAQ:CIDM), Vipshop Holdings (NYSE:VIPS), Central European Media Enterprises (NASDAQ:CETV)

FB Nasdaq FB Facebook

Genco Shipping & Trading Ltd. (NYSE:GNK) made the scheduled semi-annual interest payment of approximately $3.1 million originally due on February 18, 2014 under its 5.00% Convertible Senior Notes due August 15, 2015 (the “Notes”). Genco Shipping & Trading Limited (NYSE:GNK) stock performance was -22.98% in last session and finished the day at $1.24. Traded volume was 17.52 million shares in the last session and the average volume of the stock remained 1.66 million shares. The beta of the stock remained 1.74. Genco Shipping & Trading Limited (NYSE:GNK) insider ownership is 0.90%.

Cinedigm Corp. (NASDAQ:CIDM) priced its previously announced underwritten public offering of 10,200,000 shares of Class A common stock at a price per share of $2.70. Additionally, the Company has granted the underwriter an option for 30 days to purchase up to 1,530,000 additional shares of Class A common stock to cover over-allotments, if any. Cinedigm Corp (NASDAQ:CIDM) dropped -11.39% to $2.80 yesterday on volume of 3.73 million shares. The intra-day range of the stock was $2.66 – $2.84. Cinedigm Corp (NASDAQ:CIDM) has a market capitalization of 148.18 million.

Vipshop Holdings Ltd (NYSE:VIPS) was upgraded by investment analysts at Wall Street Renegade from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, American Banking News reports. The firm currently has a $200.00 price target on the stock, up from their previous price target of $125.00. Vipshop Holdings Ltd – ADR (NYSE:VIPS)’s stock on March 20, 2014 reported a lower of -6.78% to the closing price of $140.37. Its fifty two weeks range is $23.26 – $182.00. The total market capitalization recorded 7.78 billion. The overall volume in the last trading session was 2.13 million shares. In its share capital, Vipshop Holdings Ltd – ADR (NYSE:VIPS) has 55.40 million outstanding shares.

Central European Media Enterprises Ltd (NASDAQ:CETV) announced that non-executive Chairman of the company’s Board of Directors, Ronald S. Lauder, is now resigning from the Board. On Thursday, shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) dropped -7.02% to close the day at $3.31. Company return on investment (ROI) is -25.70% and its monthly performance is recorded as 13.75%. Central European Media Enterprises Ltd. (NASDAQ:CETV) quarterly revenue growth is 10.33%.

Signup for free to be the first to receive exclusive free links. Now in your mailbox!
Join over 15,000 subscribers
Send me links

Your information will not be shared to anyone