3 Stocks Pushing The Services Sector Downward

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One out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 17 points (-0.1%) at 16,759 as of Monday, June 16, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,419 issues advancing vs. 1,541 declining with 179 unchanged.

The Services sector currently is unchanged today versus the S&P 500, which is unchanged. On the negative front, top decliners within the sector include Dreamworks Animation SKG ( DWA), down 11.7%, Michael Kors Holdings ( KORS), down 2.9%, Cencosud ( CNCO), down 2.1%, Delta Air Lines ( DAL), down 2.0% and United Continental Holdings ( UAL), down 1.6%. Top gainers within the sector include Lithia Motors ( LAD), up 13.9%, Altisource Portfolio Solutions ( ASPS), up 7.0%, GasLog ( GLOG), up 6.6%, Myriad Genetics ( MYGN), up 5.0% and Grupo Aeroportuario del Pacifico SAB de CV ( PAC), up 2.9%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Rite Aid ( RAD) is one of the companies pushing the Services sector lower today. As of noon trading, Rite Aid is down $0.16 (-2.2%) to $7.05 on heavy volume. Thus far, 25.2 million shares of Rite Aid exchanged hands as compared to its average daily volume of 27.6 million shares. The stock has ranged in price between $6.95-$7.19 after having opened the day at $7.18 as compared to the previous trading day's close of $7.21.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid has a market cap of $7.4 billion and is part of the retail industry. Shares are up 42.5% year-to-date as of the close of trading on Friday. Currently there are 3 analysts that rate Rite Aid a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Rite Aid as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. Get the full Rite Aid Ratings Report now.

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