Services Stocks Under Scanner -- Best Buy, GameStop, Conns, and Arrow Electronics
NEW YORK, October 10, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com has issued research reports on four US Services companies, namely: Best Buy Co. Inc. (NYSE: BBY), GameStop Corp. (NYSE: GME), Conns Inc. (NASDAQ: CONN), and Arrow Electronics Inc. (NYSE: ARW). On Wednesday, October 05, 2016, the Institute of Supply Management (ISM) said that its non-manufacturing activity index surged to a reading of 57.1, which is the highest level since October 2015. According to an article on Reuters, the improvement in the index was broad-based, with business activity and the employment sub-indices reaching 11-month highs. You can access of our complimentary research reports on these stocks now at:
http://stock-callers.com/registration
Best Buy
Richfield, Minnesota headquartered Best Buy Co. Inc.'s stock finished last Friday's session 1.89% higher at $38.90. A total volume of 6.89 million shares was traded, which was above their three months average volume of 5.35 million shares. The Company's shares have gained 3.35% in the past month, 25.41% over the previous three months, and 32.81% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.80% and 22.29%, respectively. Additionally, shares of Best Buy, which operates as a retailer of technology products, services, and solutions in the US, Canada, and Mexico, have a Relative Strength Index (RSI) of 63.07. Visit us today and download your complete report on BBY for free at:
http://stock-callers.com/registration/?symbol=BBY
GameStop
On Friday, shares in Grapevine, Texas headquartered GameStop Corp. ended the session flat at $26.68, with a total trading volume of 2.15 million shares. The stock is trading 5.98% below its 200-day moving average. Shares of the Company, which operates as an omnichannel video game retailer, have an RSI of 37.89.
On October 7th, 2016, GameStop announced that more than 1,600 of its stores across the country will be open for the 12:01 a.m. EDT October 13th, 2016 launch of PlayStation®VR -- a new virtual reality system for PlayStation®4. Game Stop announced that customers can also trade games and accessories and receive an additional 20% bonus offer if they apply the credit towards the purchase of a PlayStation®VR system. The complimentary research report on GME can be accessed at:
http://stock-callers.com/registration/?symbol=GME
Conns
The Woodlands, Texas-based Conns Inc.'s stock gained 1.09%, closing the session at $10.19, with a total trading volume of 321,899 shares. The Company's shares have surged 26.58% in the last one month and 42.52% over the previous three months. The stock is trading 23.36% above its 50-day moving average. Additionally, shares of Conns, which operates as a specialty retailer of durable consumer goods and related services in the US, have an RSI of 57.48.
On September 21st, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy', issuing a target price of $16 per share.
On October 7th, 2016, Conn's announced that it has closed its previously announced securitization transaction. The offering included (a) three classes of asset-backed fixed rate notes: (i) Class A notes which were rated BBBsf by Fitch, (ii) Class B notes which were rated BBsf by Fitch, and (iii) Class C notes which were rated Bsf by Fitch, and (b) one class, Class R, of asset-backed pass-through notes which represent the residual equity. The face amount of the Class A and Class B notes issued in the securitization was approximately $503.8 million, with an aggregate advance rate of approximately 72% of the outstanding customer receivables portfolio balance. Conn's received upfront proceeds of approximately $488 million, net of transaction costs and reserves. Register for free on Stock-Callers.com and download the PDF research report on CONN at:
http://stock-callers.com/registration/?symbol=CONN
Arrow Electronics
On Friday, Centennial, Colorado-based Arrow Electronics Inc.'s stock recorded a trading volume of 328,689 shares, and ended the day 0.84% lower at $64.08. The Company's shares have advanced 1.44% over the previous three months and 18.27% since the start of this year. The stock is trading above its 200-day moving average by 4.82%. Furthermore, shares of Arrow Electronics, which provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide, have an RSI of 50.91.
On September 20th, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'.
On September 22nd, 2016, Arrow Electronics was named Global Distributor of the Year by Hewlett Packard Enterprise (HPE). The annual awards recognize HPE business partners for outstanding performance and accomplishments that raise the standard for business excellence and customer satisfaction. Winners were chosen for their excellent financial performance and for driving meaningful business results for customers. Get free access to your research report on ARW at:
http://stock-callers.com/registration/?symbol=ARW
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