Finance

Services Sector Volatile Stocks: Renren Inc. (NYSE:RENN), FreeSeas Inc. (NASDAQ:FREE), 1-800-FLOWERS.COM (NASDAQ:FLWS), New York & Company (NYSE:NWY)

Chinese stocks in New York fell for the first time in three days, led by Renren Inc. (NYSE:RENN), after the social networking website operator forecast sales that came below analysts’ estimates. Renren Inc. (NYSE:RENN) stock performance was -9.81% in last session and finished the day at $3.40. Traded volume was 12.16 million shares in the last session and the average volume of the stock remained 3.27 million shares. Renren Inc. (NYSE:RENN) insider ownership is 7.91%.

FreeSeas Inc. (NASDAQ:FREE) a transporter of dry-bulk cargoes through the ownership and operation of a fleet of five Handysize vessels and one Handymax vessel, has been announced that the Company has sold the M/V Free Knight, a 1998-built, 24,111 dwt Handysize dry bulk carrier for a gross sale price of $3.6 million. FreeSeas Inc. (NASDAQ:FREE) $1.83 yesterday on volume of 1.96 million shares. The intra-day range of the stock was $1.78 – $1.98. FreeSeas Inc. (NASDAQ:FREE) has a market capitalization of 19.43 million.

1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) is florist and gift shop. The Company delivers fresh flowers and a selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals. 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS)’s stock on March 19, 2014 reported a higher of 6.18% to the closing price of $5.84. Its fifty two weeks range is $4.53 – $7.17. The total market capitalization recorded 373.85 million. The overall volume in the last trading session was 512,032.00 shares. In its share capital, 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) has 64.02 million outstanding shares.

On March 14, 2014, the Board of Directors of New York & Company, Inc. (NYSE:NWY) approved an amendment to the Corporation’s Amended and Restated By-Laws, effective the same date, adding a new article entitled “Forum for Adjudication of Disputes and Consent to Jurisdiction. On Wednesday, shares of New York & Company, Inc. (NYSE:NWY) advanced 7.13% to close the day at $4.81. Company return on investment (ROI) is 2.30% and its monthly performance is recorded as 3.66%. New York & Company, Inc. (NYSE:NWY) quarterly revenue growth is 18.77%.