Services Sector

Services Sector Top Losers: E Commerce China Dangdang (NYSE:DANG), ModusLink Global Solutions (NASDAQ:MLNK), Renren Inc. (NYSE:RENN), Carriage Services (NYSE:CSV)

E-Commerce China Dangdang Inc. (NYSE:DANG), a leading business-to-consumer e-commerce company in China, today announced that Mr. Jun Zou, the chief financial officer of the Company, has tendered his resignation for personal reasons. His resignation will be effective on April 10, 2014. E Commerce China Dangdang Inc. (ADR) (NYSE:DANG) stock performance was -5.79% in last session and finished the day at $15.79. Traded volume was 7.03 million shares in the last session and the average volume of the stock remained 5.43 million shares. E Commerce China Dangdang Inc. (ADR) (NYSE:DANG) insider ownership is 0.46%.

The notes offering provide a simple way out for Moduslink Global Solutions, Inc. (NASDAQ:MLNK) to secure the funding it requires for its various projects. It is also in the best interest of the current shareholders that the company has not taken to share dilution to raise the money. ModusLink Global Solutions, Inc. (NASDAQ:MLNK) dropped -17.59% to $4.03 yesterday on volume of 3.33 million shares. The intra-day range of the stock was $4.02 – $4.44. ModusLink Global Solutions, Inc. (NASDAQ:MLNK) has a market capitalization of 207.54 million.

Renren Inc. (NYSE:RENN), is a leading real-name social networking internet platform in China. In view of the unusual market activity in the Company’s American Depositary Shares (ADS) on Wednesday, March 5, 2014, the New York Stock Exchange has contacted the Company in accordance with its usual practice. Renren Inc. (NYSE:RENN)’s stock on March 13, 2014 reported a lower of -6.20% to the closing price of $3.78. Its fifty two weeks range is $2.52 – $4.79. The total market capitalization recorded 1.39 billion. The overall volume in the last trading session was 3.27 million shares. In its share capital, Renren Inc. (NYSE:RENN) has 369.04 million outstanding shares.

Carriage Services, Inc. (NYSE:CSV) (the “Company”) announced yesterday the pricing of its previously announced private offering of $125,000,000 aggregate principal amount of convertible subordinated notes due 2021 (the “Convertible Notes”). On Thursday, shares of Carriage Services, Inc. (NYSE:CSV) dropped -8.78% to close the day at $17.03. Company return on investment (ROI) is 6.90% and its monthly performance is recorded as -17.93%. Carriage Services, Inc. (NYSE:CSV) quarterly revenue growth is -4.59%.