Market Momentum on Internet Retail Stocks -- Groupon, Netflix, Priceline, Shutterfly, and RetailMeNot
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LONDON, August 29, 2014 /PRNewswire/ --
On Thursday, August 28, 2014, the NASDAQ Composite ended at 4,557.70, down 0.26%, the Dow Jones Industrial Average finished the day 0.25% lower at 17,079.57, and the S&P 500 closed at 1,996.74, down 0.17%. The losses were broad based with seven out of ten sectors ending the session in negative. The S&P 500 Consumer Discretionary Sector Index ended the day at 544.78, down 0.21%, whereas the index has advanced 5.28% in the previous three months. Investor-Edge has initiated coverage on the following equities: Groupon Inc. (NASDAQ: GRPN), Netflix Inc. (NASDAQ: NFLX), The Priceline Group Inc. (NASDAQ: PCLN), Shutterfly Inc. (NASDAQ: SFLY), and RetailMeNot Inc. (NASDAQ: SALE). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Groupon Inc.'s stock finished Thursday's session 1.68% higher at $6.64. A total of 11.89 million shares were traded, which was below its three months average volume of 15.92 million shares. The stock vacillated between $6.40 and $6.66 during the session. Over the previous three trading sessions and over the last three months, Groupon Inc.'s shares have gained 4.90% and 9.03%, respectively. However, from the beginning of 2014, the stock has lost 43.56%. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $8.12 is greater than its 50-day moving average of $6.35. Groupon Inc.'s stock has a Relative Strength Index (RSI) of 58.70. Sign up and read the free notes on GRPN at:
http://www.Investor-Edge.com/GRPN-29Aug2014
On Thursday, shares in Netflix Inc. fluctuated between $470.81 and $477.48 before ending the session 0.11% higher at $475.21. The stock reported a trading volume of 1.08 million shares, lower than its three months average volume of 2.47 million shares. Shares of the company traded at a PE ratio of 143.14. Netflix Inc. shares have gained 11.90% in the last one month, 18.44% in the previous three months, and 29.07% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $447.09 and $396.37, respectively. Moreover, shares of Netflix Inc.have an RSI of 65.17. The complimentary notes on NFLX can be downloaded as in PDF format at:
http://www.Investor-Edge.com/NFLX-29Aug2014
The Priceline Group Inc.'s stock edged 0.80% lower, to close the day at $1,250.71. The stock recorded a trading volume of 0.48 million shares, below its three months average volume of 0.74 million shares. The company's shares oscillated between $1,248.70 and $1,260.11 during the session. Over the last three trading sessions and over the past three months, The Priceline Group Inc.'s shares have fallen by 2.06% and 1.52%, respectively. However, the stock has advanced 7.60% since the start of this year. The company's stock is trading above its 50-day and 200-day moving averages. The Priceline Group Inc.'s 50-day moving average of $1,245.89 is above its 200-day moving average of $1,215.20. Additionally, the stock traded at a PE ratio of 30.99 and has an RSI of 48.06. Register for free on Investor-Edge and access the latest research on PCLN at:
http://www.Investor-Edge.com/PCLN-29Aug2014
On Thursday, shares in Shutterfly Inc. recorded a trading volume of 0.34 million shares, lower than its three months average volume of 0.81 million shares. The stock ended the day at $50.57, which was 0.18% above its previous day's closing of $50.48, and registered an intraday range of $50.03 and $51.02. Although Shutterfly Inc.'s stock has fallen by 0.34% in the previous three trading sessions, it has gained 7.23% in the last one month and 21.86% in the past three months. The company's stock is trading above its 50-day and 200-day moving averages of $47.37 and $45.87, respectively. Furthermore, shares of Shutterfly Inc.'s have an RSI of 61.58. The complete research on SFLY is available for free at:
http://www.Investor-Edge.com/SFLY-29Aug2014
RetailMeNot Inc.'s stock lost 1.43% to end Thursday's session at $18.61. The stock recorded a trading volume of 0.54 million shares, much below its three months average volume of 1.61 million shares. The company's shares fluctuated between $18.50 and $18.89 during the session. Shares of the company traded at a PE ratio of 46.72. RetailMeNot Inc.'s shares have declined 35.36% since the start of this year. Further, the stock has lost 26.85% in the last one month and 26.09% over the previous three months. The company's stock is trading below its 50-day and 200-day moving averages. RetailMeNot Inc.'s 200-day moving average of $30.03 is above its 50-day moving average of $22.76. Additionally, the stock has an RSI of 41.17. Free in depth research on SALE is available at:
http://www.Investor-Edge.com/SALE-29Aug2014
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