Morning Research: Staples Inc., Sinclair Broadcast Group Inc., Norfolk
Southern Corp., and Avnet Inc.
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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:
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:
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:
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:
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:
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