Vipshop Holdings Ltd (VIPS): Today's Featured Retail Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Vipshop Holdings (VIPS) pushed the Retail industry lower today making it today's featured Retail laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Vipshop Holdings fell $1.03 (-2.1%) to $48.68 on light volume. Throughout the day, 382,898 shares of Vipshop Holdings exchanged hands as compared to its average daily volume of 677,000 shares. The stock ranged in price between $48.54-$50.43 after having opened the day at $50.00 as compared to the previous trading day's close of $49.71. Other companies within the Retail industry that declined today were: Cache (CACH), down 4.4%, Pharmerica Corporation (PMC), down 4.0%, LightInTheBox Holding Co Ltd ADR (LITB), down 3.8% and Sprouts Farmers Market (SFM), down 3.2%.
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