Unusual Volume Services Sector: Hertz Global Holdings (NYSE:HTZ), You On Demand Holdings (NASDAQ:YOD), DSW Inc. (NYSE:DSW), Shutterfly (NASDAQ:SFLY)

Technology Stocks News 17

Hertz Global Holdings, Inc. (NYSE:HTZ) plans to spin off its equipment rental business into a separate publicly traded company. Hertz Global Holdings, Inc. (NYSE:HTZ) stock performance was -0.51% in last session and finished the day at $27.08. Traded volume was 32.45 million shares in the last session and the average volume of the stock remained 8.98 million shares. The beta of the stock remained 2.88. Hertz Global Holdings, Inc. (NYSE:HTZ) insider ownership is 0.20%.

YOU On Demand Holdings, Inc., formerly China Broadband, Inc. (NASDAQ:YOD) operates in the Chinese media segment through its Chinese subsidiaries and variable interest entities (VIEs): a business, which provides integrated value-added service solutions for the delivery of pay-per-view (PPV), video on demand (VOD), and enhanced premium content for cable providers, a cable broadband business based in the Jinan region of China, and a television program guide, newspaper and magazine publishing business based in the Shandong region of China. You On Demand Holdings, Inc. (NASDAQ:YOD) dropped -8.72% to $6.07 yesterday on volume of 5.65 million shares. The intra-day range of the stock was $5.76 – $7.12. You On Demand Holdings, Inc. (NASDAQ:YOD) has a market capitalization of 94.41 million.

DSW Inc. (NYSE:DSW) lays out plans to take down walls between in-store, online shopping experience. DSW Inc. (NYSE:DSW)’s stock on March 18, 2014 reported a lower of -2.73% to the closing price of $38.90. Its fifty two weeks range is $30.13 – $47.55. The total market capitalization recorded 3.53 billion. The overall volume in the last trading session was 4.10 million shares. In its share capital, DSW Inc. (NYSE:DSW) has 90.65 million outstanding shares.

Shutterfly (NASDAQ:SFLY) was downgraded by equities research analysts at Cowen and Company from an “outperform” rating to an “underperform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. They currently have a $39.00 target price on the stock, down from their previous target price of $57.00. Cowen and Company’s price objective points to a potential downside of 22.67% from the company’s current price. On Tuesday, shares of Shutterfly, Inc. (NASDAQ:SFLY) dropped -4.74% to close the day at $48.04. Company return on investment (ROI) is 1.80% and its monthly performance is recorded as 1.89%. Shutterfly, Inc. (NASDAQ:SFLY) quarterly revenue growth is 0.67%.

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