EdgeWater 10/20/2010 11:56:48 AM
News / Business

Service Sector Stocks Fell on Tuesday (SIRI, YRCWD, DRYS, HRB)

Service Sector Stocks

Sirius XM Radio Inc. (NASDAQ:SIRI) went down 2.51% to $1.34 on about 63.03 million shares. Last week, XM Satellite Radio Inc., a subsidiary of SIRIUS XM Radio Inc. priced an offering of $700 million of Senior Notes due 2018.  

At today`s closing market price, the market capitalization of the company stands at $5.21 billion.

YRC Worldwide, Inc. (NASDAQ:YRCWD) dropped 4% to $4.32 on over 3.27 million shares. Earlier this week, the company said that it expects third quarter 2010 positive adjusted EBITDA within a range of $42 million to $46 million. The company expects a third quarter 2010 operating loss within a range of $18 million to $22 million.

The stock went down more than 19% year-to-date.

DryShips Inc. (NASDAQ:DRYS) went down 5.78% to $4.24 on about 20.27 million shares. Last week, the company announced that its fully-owned subsidiary Ocean Rig UDW Inc. has signed definitive documentation following the previously announced Letter of Award. The value of the contracts is approximately $160 million.  

The stock declined more than 28% year-to-date.

H&R Block, Inc. (NYSE:HRB) slid 0.82% to $10.85 on about 21.03 million shares. H&R Block, Inc. has subsidiaries that provide tax, banking, and business and consulting services.

The stock made its new 52-week low of $10.75.


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