Pre-Market Technical Recap on Specialty Retail Stocks -- LiNiu Technology, Blue Apron, Alibaba, and KAR Auction Services
NEW YORK, Nov. 7, 2017 /PRNewswire/ -- If you want a Stock Review on LINU, APRN, BABA, or KAR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Research Reports have been issued by DailyStockTracker.com on LiNiu Technology Group (NASDAQ: LINU), Blue Apron Holdings Inc. (NYSE: APRN), Alibaba Group Holding Ltd (NYSE: BABA), and KAR Auction Services Inc. (NYSE: KAR). These companies operate in the Specialty Retail industry, which consists of automotive, specialty stores, and fuel retailing. The space is highly fragmented and dependent upon macroeconomic factors such as GDP, disposable income, and consumer spending. Competitive rivalry in this segment is high, with a medium barrier to entry in the market. Daily Stock Tracker provides great insights on these stocks in its free research reports at:
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LiNiu Technology Group
Macau-based LiNiu Technology Group's shares saw a decline of 2.26%, finishing Monday's trading session at $1.73. A total volume of 812,002 shares was traded. In the previous three months and since the start of this year, the stock has advanced 40.10% and 2.94%, respectively. The Company's shares are trading above their 50-day moving average by 8.27%. Moreover, shares of LiNiu Technology, which through its subsidiaries, engages in gaming related business, have a Relative Strength Index (RSI) of 48.71. Free research report on LINU is available at:
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Blue Apron Holdings
On Monday, shares in New York headquartered Blue Apron Holdings Inc. recorded a trading volume of 2.13 million shares, and ended the session 2.37% higher at $3.88. The stock is trading 25.93% below its 50-day moving average. Shares of the Company, which operates an ecommerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible, have an RSI of 23.67.
On November 03rd, 2017, Blue Apron announced that its CEO, Matt Salzberg, and CFO, Brad Dickerson, will participate in the RBC Capital Markets 2017 Technology, Internet, Media and Telecommunications Conference on November 07th, 2017, at 8:00 a.m. ET in New York. A live webcast and replay of the session will be available on the Company's Investor Relations website.
On November 06th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $6.50 a share to $5 a share. The complimentary research report on APRN can be downloaded at:
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Alibaba Group Holding
Shares in Hangzhou, China-based Alibaba Group Holding Ltd closed at $187.84, rising 2.53% from the last trading session. The stock recorded a trading volume of 19.80 million shares, which was above its three months average volume of 18.77 million shares. The Company's shares have gained 4.82% in the last one month, 19.26% over the previous three months, and 113.92% since the start of this year. The stock is trading 6.76% and 36.41% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Alibaba, which through its subsidiaries, operates as an online and mobile commerce company in China and internationally, have an RSI of 63.91.
On November 03rd, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $190 a share to $215 a share.
On November 03rd, 2017, Alibaba announced that the first eWTP hub outside of China has gone live in a ceremony held in Malaysia and hosted by Malaysia Prime Minister Dato' Sri Najib Tun Razak and Alibaba Group Chairman Jack Ma. The milestone event follows the Company's partnership announcement with the Malaysian Digital Economy Corporation in March this year to work jointly to enable Malaysian small and medium-sized enterprises to benefit from global trade. Visit DailyStockTracker.com today and access our complete research report on BABA at:
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KAR Auction Services
Carmel, Indiana headquartered KAR Auction Services Inc.'s stock ended 1.55% higher at $49.26 with a total trading volume of 915,819 shares. The Company's shares have advanced 2.97% in the last one month, 21.45% over the previous three months, and 15.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.51% and 11.22%, respectively. Furthermore, shares of the Company, which together with its subsidiaries, provides vehicle auction services in the US, Canada, Mexico, and the UK, have an RSI of 72.40.
On October 31st, 2017, KAR Auction Services announced a cash dividend of $0.35 per share on its common stock, an increase of $0.03 per share from the previous dividend. The dividend is payable on January 05th, 2018, to stockholders of record as of the close of business on December 20th, 2017.
On November 02nd, 2017, research firm Gabelli & Co downgraded the Company's stock rating from 'Buy' to 'Hold', with a target price of $53 per share. Get free access to your research report on KAR at:
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