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ODP, CYBS, RAD were Top Losers from Services Stocks

Office Depot,CyberSource Corporation,Rite Aid Corporation were the Top Losers from Services Sector

 



(EMAILWIRE.COM, October 24, 2009 ) Dallas, TX - Office Depot, Inc. (NYSE:ODP) plunged 6.91% to close at $7 on 8.46 million shares. The stock hit an intraday high and intraday low of $7.64 and $6.97 respectively. So far the stock price jumped over 205% in last six months of trade. Office Depot, Inc. is a global supplier of office products and services. The Company is organized into three business segments: North American Retail division, North American Business Solutions division and International division.

CyberSource Corporation (NASDAQ:CYBS) corrected 8.41% to end the day`s trade at $16.99 on over 3.83 million shares after CyberSource was downgraded to Reduce from Neutral by SunTrust. Cybersource is currently above its 50-day moving average of $16.90 and above its 200-day moving average of $14.65. CyberSource Corporation is a provider of electronic payment and risk management solutions. The Company’s solutions enable electronic payment processing for Web, call center, and point-of-sale environments.

Rite Aid Corporation (NYSE:RAD) corrected 6.43% or $0.09to close at $1.31 on over 19.48 million shares after the company on Friday raised $270 million U.S. as part of its $1.57 billion U.S. refinancing program. The issue of 10-year senior secured notes carries a lofty interest rate of 10.25 per cent. The issue was priced to yield 10.375 per cent. Rite Aid Corporation is a retail drugstore chain in the United States. The Company operates its drugstores in 31 states across the country and in the District of Columbia.

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