Finance

Services Sector Bearish Stocks: American Eagle Outfitters (NYSE:AEO), Myriad Genetics (NASDAQ:MYGN), Vipshop Holdings (NYSE:VIPS), The Bon-Ton Stores (NASDAQ:BONT)

Laggard American Eagle (NYSE:AEO) Outfitters was down nearly 8% after a disappointing quarterly report. It reported a 51% EPS drop and a 7% decline in sales. It was the fourth straight quarter of declining sales. American Eagle Outfitters (NYSE:AEO) stock performance was -7.81% in last session and finished the day at $13.10. Traded volume was 21,486,744 million shares in the last session and the average volume of the stock remained 5.01million shares. The beta of the stock remained 1.04. American Eagle Outfitters (NYSE:AEO) insider ownership is 0.90%

Myriad Genetics Inc. (NASDAQ:MYGN) the biggest maker of tests for hereditary risks of breast and ovarian cancer, fell the most since December after losing a court bid to block competition while a patent-infringement case is pending. Myriad Genetics, Inc. (NASDAQ:MYGN) dropped -8.34 percent to $34.60 yesterday on volume of 6.22 million shares. The intra-day range of the stock was $32.76 to $35.74. Myriad Genetics, Inc. (NASDAQ:MYGN) has a market capitalization of $2.52million.

Vipshop Holdings Limited (NYSE:VIPS) announced today the pricing of (i) its public offering of US$550,000,000 aggregate principal amount of its 1.50% convertible senior notes due 2019 (the “Notes”), which has been upsized from the previously announced offer amount of US$400,000,000 and (ii) the public offering by certain selling shareholders of the Company of an aggregate of 1,140,000 American Depositary Shares (the “ADSs”) at a price to public of US$143.74 per ADS. Each ADS represents two ordinary shares of the Company.Vipshop Holdings Ltd – ADR (NYSE:VIPS)’s stock on Mar 11, 2014 reported a decrease of -9.30% to the closing price of $143.74. Its fifty two weeks range is $23.26 -$182.00. The total market capitalization recorded $7.28 billion. The overall volume in the last trading session was 3,189,490 million shares. In its share capital, Vipshop Holdings Ltd – ADR (NYSE:VIPS) has 55.40million outstanding shares.

The Bon-Ton Stores, Inc. (NASDAQ:BONT) the parent company of Boston Store is beginning a search for a new CEO and president. On Tuesday, shares of The Bon-Ton Stores, Inc. (NASDAQ:BONT) dropped -9.75% to close the day at $9.81. Company return on investment (ROI) is 6.10% and its monthly performance is recorded as -5.40%. The Bon-Ton Stores, Inc. (NASDAQ:BONT) quarterly revenue growth is -44.48%.