Services Sector

Services Sector Top Losers: Express (NYSE:EXPR), China Distance Education (NYSE:DL), RetailMeNot (NASDAQ:SALE), Kratos Defense & Security Solutions (NASDAQ:KTOS)

Express Inc. (NYSE:EXPR) shares plunged 12% in premarket trading on Wednesday after the clothing retailer said it had an “extremely difficult” start to the year. Express, Inc. (NYSE:EXPR) stock performance was -12.01% in last session and finished the day at $16.05. Traded volume was 9.54 million shares in the last session and the average volume of the stock remained 1.40 million shares. The beta of the stock remained 1.38. Express, Inc. (NYSE:EXPR) insider ownership is 2.10%.

China Distance Education Hldgs Ltd (ADR) (NYSE:DL) on Mar. 12 announced that the follow-on public offering of an aggregate of 4,000,000 American Depositary Shares (“ADSs”) by the Company and several selling shareholders was priced at US$21.00 per ADS. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) dropped -7.57% to $20.77 yesterday on volume of 3.26 million shares. The intra-day range of the stock was $20.09 – $21.41. China Distance Education Hldgs Ltd (ADR) (NYSE:DL) has a market capitalization of 701.36 million.

Zacks upgraded shares of RetailMeNot (NASDAQ:SALE) from an underperform rating to a neutral rating in a research report released on Tuesday morning, AnalystRatings.Net reports. Zacks currently has $41.60 price objective on the stock. RetailMeNot Inc. (NASDAQ:SALE)’s stock on March 12, 2014 reported a lower of -5.68% to the closing price of $37.19. Its fifty two weeks range is $25.51 – $48.73. The total market capitalization recorded 1.89 billion. The overall volume in the last trading session was 2.61 million shares. In its share capital, RetailMeNot Inc. (NASDAQ:SALE) has 50.88 million outstanding shares.

Kratos Defense & Security Solutions (NASDAQ:KTOS) dropped 4.8% during trading on Wednesday following a disappointing earnings announcement, American Banking News reports. The stock traded as low as $7.05 and last traded at $7.60, with a volume of 1,844,864 shares trading hands. The stock had previously closed at $7.98. On Wednesday, shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) dropped -5.26% to close the day at $7.56. Company return on investment (ROI) is -4.90% and its monthly performance is recorded as -0.13%. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) quarterly revenue growth is 14.03%.