Services Sector Unusual Volume: Vipshop Holdings (NYSE:VIPS), China Distance Education (NYSE:DL), Accretive Health (NYSE:AH), LivePerson (NASDAQ:LPSN)

Technology Stocks News 8

Goldman Sachs lowered shares of Vipshop Holdings Ltd – (NASDAQ:VIPS) from a buy rating to a neutral rating in a report released on Tuesday, AR Network reports. Goldman Sachs currently has $185.00 price objective on the stock, up from their previous price objective of $84.20. Vipshop Holdings Ltd – ADR (NYSE:VIPS) stock performance was 7.97% in last session and finished the day at $155.19. Traded volume was 4.57 million shares in the last session and the average volume of the stock remained 1.34 million shares. Vipshop Holdings Ltd – ADR (NYSE:VIPS) insider ownership is 18.72%.

China Distance Education Holdings Limited (NYSE:DL) a leading provider of online education in China focusing on professional education, yesterday announced that the follow-on public offering of an aggregate of 4,000,000 American Depositary Shares (“ADSs”) by the Company and several selling shareholders was priced at US$21.00 per ADS. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) dropped -7.57% to $20.77 yesterday on volume of 3.26 million shares. The intra-day range of the stock was $20.09 – $21.41. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) has a market capitalization of 701.36 million.

Accretive Health, Inc. (NYSE:AH) a Chicago-based revenue-cycle management company, is facing a delisting next week from the New York Stock Exchange because it does not expect to meet the deadline for filing its delayed financial reports. Accretive Health, Inc. (NYSE:AH)’s stock on March 12, 2014 reported a lower of -1.73% to the closing price of $8.53. Its fifty two weeks range is $7.70 – $11.58. The total market capitalization recorded 840.12 million. The overall volume in the last trading session was 1.86 million shares. In its share capital, Accretive Health, Inc. (NYSE:AH) has 98.49 million outstanding shares.

Investors considering a purchase of LivePerson Inc. (NASDAQ:LPSN) stock, but cautious about paying the going market price of $13.87/share, might benefit from considering selling puts among the alternative strategies at their disposal. On Wednesday, shares of LivePerson, Inc. (NASDAQ:LPSN) dropped -3.88% to close the day at $11.64. Company return on investment (ROI) is 3.50% and its monthly performance is recorded as -12.74%. LivePerson, Inc. (NASDAQ:LPSN) quarterly revenue growth is -0.94%.

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