Morning Research: Staples Inc., Sinclair Broadcast Group Inc., Norfolk
Southern Corp., and Avnet Inc.
LONDON, August 28, 2013
LONDON, August 28, 2013 /PRNewswire/ --
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The U.S. equity market ended the day on a lower note on Tuesday, August 27,
2013. The Dow Jones Industrial Average closed at 14,776.13, down 1.14%, the
S&P 500 closed at 1,630.48, down 1.59%, and the NASDAQ Composite finished at
3,578.52, down 2.16%. Shares in services sector industry ended lower, tracking
losses in the broader market. The major movers in the sector included Staples
Inc. (NASDAQ: SPLS), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), Norfolk
Southern Corporation (NYSE: NSC), and Avnet Inc. (NYSE: AVT).
AAAResearchReports.com has released full comprehensive research on SPLS, SBGI,
NSC, and AVT. These free technical analyses can be downloaded by signing up
On Tuesday, Staples Inc.'s shares closed the day 2.51% lower from the previous
day's price of $14.37. The company's stock ended the session at $14.01 after
vacillating between $13.93 and $14.28. A total of 8.91 million shares were
traded, which is above the daily average volume of 7.55 million. The company's
stock has fallen by 0.43% in the previous three days, outperforming the S&P
500 which has lost 1.60% during the same period. Despite the recent losses,
the company's stock continues to trade above its 200-day moving average.
Download free report on SPLS upon registration at:
Sinclair Broadcast Group Inc.'s shares fluctuated between $24.50 and $25.26 on
Tuesday before ending the day 1.46% lower at $24.89. A total of 1.08 million
shares were traded, which is below the daily average volume of 1.64 million.
The company's shares have lost 1.97% in the last three trading sessions,
compared to a loss of 1.60% in the S&P 500 during the same period.
Furthermore, Sinclair Broadcast Group Inc.'s stock is trading above its
200-day moving average. SBGI technical report can be accessed for free by
signing up at:
Shares in Norfolk Southern Corporation fell sharply on Tuesday, as the broader
market declined. The company's shares ended the day 2.36% lower at $72.89
after vacillating between $72.82 and $73.97. A total of 1.52 million shares
were traded, which is below the daily average volume of 1.96 million. The
company's shares are trading above their 200-day moving average. Further, the
company's stock has lost 1.39% in the last one month, outperforming the S&P
500 which has lost 3.62% during the same period. The free report on NSC can be
downloaded by signing up now at:
Avnet Inc.'s stock plummeted on Tuesday, tracking losses in the broader
market. The company's shares fluctuated between $38.34 and $39.35 before
finishing the day 3.13% lower at $38.34. A total of 0.58 million shares were
traded, which is below the daily average volume of 0.63 million. Despite
Tuesday's pullback, the company's shares have gained 2.87% in the last one
month and 14.58% in the last three months, outperforming the S&P 500 which has
lost 3.62% and 1.16% during the respective periods. Moreover, the company's
shares are trading above their 50-day and 200-day moving averages. A free
report on AVT can be accessed by registering at:
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