NEW YORK, August 11, 2016 /PRNewswire/ --
Stock-Callers.com is currently reviewing the recent performances of these four Services equities: Discovery Communications Inc. (NASDAQ: DISCK), Wayfair Inc. (NYSE: W), E-Commerce China Dangdang Inc. (NYSE: DANG), and Shaw Communications Inc. (NYSE: SJR). As per financial-services firm JPMorgan, the sector is expected to experience slow and steady progress during the coming months. Learn more about these stocks by downloading their comprehensive and free reports at:
Silver Spring, Maryland headquartered Discovery Communications Inc.'s shares dropped 0.28%, closing Wednesday's trading session at $24.65. The stock recorded a trading volume of 1.18 million shares. The Company's shares have advanced 0.41% in the last month. The stock is trading 0.94% below its 50-day moving average. Additionally, shares of Discovery Communications, which operates in three segments: U.S. Networks, International Networks, and Education, have a Relative Strength Index (RSI) of 47.45.
On August 2nd, 2016, Discovery Communications reported that Q2 2016 revenues of $1,708 million increased 3% compared to the prior year, as 7% growth at U.S. Networks and 15% growth at Education and Other was partially offset by a slight decline at International Networks, primarily due to currency effects and the impact of the SBS Radio disposition. Q2 net income available to Discovery Communications increased 43% to $408 million compared to $286 million for Q2 2015. Diluted earnings per share increased 50% to $0.66 due to higher net income and lower shares outstanding. DISCK complete research report is just a click away and free at:
On Wednesday, shares in Boston, Massachusetts headquartered Wayfair Inc. recorded a trading volume of 7.98 million shares, which was above their three months average volume of 1.29 million shares. The stock fell 2.78%, ending the day at $37.72. The Company's shares are trading below their 50-day moving average by 7.84%. Furthermore, shares of Wayfair, which engages in the e-commerce business in the US, have an RSI of 38.55.
Yesterday, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $60 a share to $55 a share.
On August 9th, 2016, Wayfair reported that direct retail revenue, consisting of sales generated primarily through the sites of Wayfair's five brands, increased $315.4 million to $755.7 million in Q2 2016, up 71.6% on y-o-y basis. The company' total net revenue increased $295.2 million to $786.9 million in the reported quarter, up 60.0% on y-o-y basis. Wayfair's GAAP net loss was $48.3 million for Q2 2016 as compared to GAAP net loss of $19.3 million in the year ago period. The complimentary report on W can be downloaded at:
E-Commerce China Dangdang
Beijing, the People's Republic of China headquartered E-Commerce China Dangdang Inc.'s stock finished the day 0.15% lower at $6.49 and with a total volume of 402,546 shares traded. The Company's shares have gained 9.26% in the last one month and 6.74% in the previous three months. The stock is trading above its 50-day moving average by 5.69%. Additionally, shares of E-Commerce China Dangdang, which operates as a business-to-consumer e-commerce company in the People's Republic of China, have an RSI of 75.12.
On August 1st, 2016, the company announced that it has called an extraordinary general meeting of shareholders to be held at 2:00 p.m. Beijing Time on September 12th, 2016, at the Company's office to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger dated May 28th, 2016, by and among Dangdang Holding Company Limited, Dangdang Merger Company Limited, and E-Commerce China Dangdang. Sign up for your complimentary research report on DANG at:
Shares in Calgary, Canada-based Shaw Communications Inc. ended yesterday's session 0.60% higher at $20.26. The stock recorded a trading volume of 468,965 shares. The Company's shares have advanced 4.36% in the last one month, 9.09% in the previous three months, and 21.28% on an YTD basis. The stock is trading 4.66% and 9.89% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Shaw Communications, which provides broadband cable television, Internet, digital phone and telecommunications services, direct-to-home satellite services and satellite distribution services, and programming content in Canada and the US, have an RSI of 65.12.
On July 26th, 2016, Shaw Data Center and Cloud Solutions and ViaWest announced a partnership with Console designed to enhance the efficiency and security of customer connections to global public cloud providers through Console's leading interconnectivity platform. This new partnership will allow businesses to avoid open networks by connecting directly to hyper-scale cloud providers through Shaw and ViaWest data centers. Get free access to your research report on SJR at:
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