Services sector reacted negatively on Wednesday’s trading session and sector plunged -0.53%. If we look at the top movers of the sector so Limelight Networks, Inc (NASDAQ:LLNW) and J.C. Penney Company, Inc (NYSE:JCP) were major percentage gainer while key percentage decliner was Stage Stores Inc (NYSE:SSI).
Rite Aid Corporation (NYSE:RAD) stock hiked on Wednesday, continuing a boost that started previous week when the company announced its first quarterly profit since May 2007.
The drugstore chain announced Dec 20 that prescription growth and sales outside the pharmacy portion of its stores assisted the company to earn $60.5 million or 7 cents a share in the previous three months that finished Dec 1.
Rite Aid Corporation’s YTD performance was recorded as 11.90% while its market capitalization was $1.27 billion. Institutional ownership owns 49.39% shares of the company while beta factor, which is used to measure riskiness of the security, was 2.34. Net profit margin of the company was -0.64% while its gross profit margin was 27.04%.
J.C. Penney Company, Inc (NYSE:JCP) stock broke the declining trend evident at many retailers and surpassed the index with a over 4% boost.
J.C. Penney Company, Inc. has market capitalization of $4.55 billion. Its current ratio was 1.67 while its shares were lagging behind SMA50 with -0.87. The company offered earnings per share of -2.38 while its 219.24 million shares were outstanding. YTD performance of the stock was -40.29%.
Sears Holdings Corporation (NASDAQ:SHLD) has the market capitalization of $4.11 billion. The company’s EPS was -26.63 while its 106.43 million shares were outstanding. Its institutional ownership was 76.06%. Shares of the company were moving behind of SMA50 with -25.11% while its YTD performance was 23.95%.
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