Morning Research: Staples Inc., Sinclair Broadcast Group Inc., Norfolk Southern Corp., and Avnet Inc.
Morning Research: Staples Inc., Sinclair Broadcast Group Inc., Norfolk Southern Corp., and Avnet Inc. Editor Note: For more information about this release, please scroll to bottom. PR Newswire LONDON, October 24, 2013 LONDON, October 24, 2013 /PRNewswire/ -- The U.S. equity market edged lower on Wednesday, October 23, 2013, with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite falling by 0.47%, 0.35%, and 0.57%, respectively. Shares in the services sector mostly ended on a lower note, 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 at: http://www.aaaresearchreports.com/register/ Staples Inc.'s stock tumbled by 2.06% to $15.75 on Wednesday, after vacillating between $15.68 and $15.95 during the trading session. A total of 8.65 million shares were traded, which is above the daily average volume of 7.73 million. Despite yesterday's pullback, Staples Inc.'s shares have gained 6.78% in the last one month, outperforming the S&P 500, which has gained 2.62% during the same period. Further, the company's stock is trading above its 50-day and 200-day moving averages of $14.96 and $14.48, respectively. Download free report on SPLS upon registration at: http://www.AAAResearchReports.com/SPLS102413.pdf Sinclair Broadcast Group Inc.'s shares closed the day at $34.49, down 1.32%, after oscillating between $33.91 and $34.90 during the trading session. A total of 0.76 million shares were traded, which is below the daily average volume of 1.72 million. Despite Wednesday's losses, the company's shares have surged 12.68% in the last one month and 20.98% in the previous three months, outperforming the S&P 500, which has advanced 2.62% and 3.19% during the respective periods. Moreover, Sinclair Broadcast Group Inc.'s stock is trading above its 50-day and 200-day moving averages of $29.55 and $24.39, respectively. SBGI technical report can be accessed for free by signing up at: http://www.AAAResearchReports.com/SBGI102413.pdf On Wednesday, shares in Norfolk Southern Corp. rallied, hitting a new 52-week high of $86.58. The company's shares closed the day at $86.06, up 6.77% from the previous day's price of $80.60. A total of 5.21 million shares were traded, which is significantly above the daily average volume of 1.66 million. The company's shares have gained 10.18% in the last one month and 11.96% in the previous three months, outperforming the S&P 500, which has advanced 2.62% and 3.19% during the respective periods. Additionally, Norfolk Southern Corp.'s stock is trading above its 50-day and 200-day moving averages of $76.24 and $74.63, respectively. The free report on NSC can be downloaded by signing up now at: http://www.AAAResearchReports.com/NSC102413.pdf On Wednesday, Avnet Inc.'s stock plummeted to end the day at $41.14, which is 3.83% lower than the previous day's closing price of $42.78. The company's shares fluctuated between $41.07 and $42.45 during the trading session. A total of 1.31 million shares were traded, which is above the daily average volume of 0.73 million. Despite Wednesday's losses, the company's shares have gained 0.32% in the last one month and 11.31% in the previous three months, compared to a gain of 2.62% and 3.19% in the S&P 500 during the respective periods. Furthermore, Avnet Inc.'s stock is trading above its 50-day and 200-day moving averages of $40.86 and $36.22, respectively. A free report on AVT can be accessed by registering at: http://www.AAAResearchReports.com/AVT102413.pdf ---- EDITOR NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5. For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6. Are you a public company? 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