How These Services Stocks are Faring? — International Game Technology, Scientific Games, Six Flags Entertainment, and MakeMyTrip
The Services sector, or the Tertiary sector, is the third of the three traditional economic sectors. Activities in the sector include retail, banks, hotels, real estate, education, and health, among many others. Pre-market, Stock-Callers.com draws attention to four stocks within this space: International Game Technology PLC (NYSE: IGT), Scientific Games Corp. (NASDAQ: SGMS), Six Flags Entertainment Corp. (NYSE: SIX), and MakeMyTrip Ltd (NASDAQ: MMYT). Register now and get full and free access to our downloadable research reports on these stocks at:
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International Game Technology
London, the UK headquartered International Game Technology PLC’s stock finished Wednesday’s session 1.28% lower at $26.95 with a total trading volume of 694,561 shares. The Company’s shares have advanced 5.60% on an YTD basis. The stock is trading 2.09% above its 50-day moving average and 14.93% above its 200-day moving average. Additionally, shares of International Game Technology, which operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide, have a Relative Strength Index (RSI) of 51.25.
On January 26th, 2017, research firm Bank of America/ Merrill downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.
On February 21st, 2017, International Game Technology announced that it will report Q4 and full year 2016 results on March 09th, 2017. The Company will host a conference call and live webcast to discuss the results on the same day at 8:00 a.m. ET. Access our complete research report on IGT for free at:
http://stock-callers.com/registration/?symbol=IGT
Scientific Games
On Wednesday, shares in Las Vegas, Nevada headquartered Scientific Games Corp. recorded a trading volume of 944,325 shares, which was above their three months average volume of 939,220 shares. The stock ended the session flat at $20.65. The Company’s shares have surged 28.26% in the last one month, 44.41% over the previous three months, and 47.50% since the start of this year. The stock is trading 23.45% above its 50-day moving average and 68.96% above its 200-day moving average. Moreover, shares of Scientific Games, which develops technology-based products and services, and associated content for the gaming, lottery, and interactive gaming industries worldwide, have an RSI of 81.48.
On January 26th, 2017, research firm Bank of America/ Merrill upgraded the Company’s stock rating from ‘Underperform’ to ‘Buy’.
On February 22nd, 2017, Scientific Games announced that it will release results for its Q4 and full year ended December 31, 2016 on March 02nd, 2017 after market close. The Company will host an investor conference call at 4:30 p.m. ET on the same day to discuss these results. The complimentary research report on SGMS can be downloaded at:
http://stock-callers.com/registration/?symbol=SGMS
Six Flags Entertainment
Shares in Grand Prairie, Texas-based Six Flags Entertainment Corp. closed the day 3.40% lower at $59.08. The stock recorded a trading volume of 1.80 million shares, which was higher than its three months average volume of 666,160 shares. The Company’s shares have gained 6.25% in the previous three months. The stock is trading 6.14% above its 200-day moving average. Additionally, shares of Six Flags Entertainment, which owns and operates regional theme and water parks under the Six Flags brand name, have an RSI of 37.81.
On February 22nd, 2017, Six Flags announced that full year 2016 represented its seventh consecutive year of record financial performance as revenue grew $55 million, or 4%, to $1.3 billion. Attendance at Six Flags properties in full year 2016 grew by 1.6 million to 30.1 million, a record high for the current portfolio of parks. The Company’s net income for the year decreased by $36 million, or 24%, primarily driven by an increase in non-cash compensation expense associated with the probable achievement of the Company’s Project 600 performance award, a long-term growth goal established in 2014. Register for free on Stock-Callers.com and get access to the latest PDF format report on SIX at:
http://stock-callers.com/registration/?symbol=SIX
MakeMyTrip
At the close of trading on Wednesday, shares in Gurgaon, India-based MakeMyTrip Ltd finished 0.77% higher at $32.80. The stock recorded a trading volume of 316,831 shares. The Company’s shares have advanced 5.81% in the last one month, 26.40% over the previous three months, and 47.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 14.43% and 47.72%, respectively. Furthermore, shares of MakeMyTrip, which provides travel products and solutions in India and internationally, have an RSI of 55.09.
On January 31st, 2017, MakeMyTrip announced that it has completed its merger of the ibibo Group. In consideration for the transaction, MakeMyTrip issued 38,971,539 Class B shares to the parent of ibibo Group (which is jointly owned by Naspers and Tencent).
On February 21st, 2017, research firm Nomura downgraded the Company’s stock rating from ‘Neutral’ to ‘Reduce’. Download your free research report on MMYT at:
http://stock-callers.com/registration/?symbol=MMYT
