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

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%.