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Rite Aid Corporation (NYSE: RAD) shares closed down 6.33 percent on Thursday with over 66 million shares traded. The Company released disappointing same-store sales figures for November on Thursday. Rite Aid's same-store sales grew by 2.8% last month from November of last year, with the pharmacy's revenue driving most of the growth.
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Wet Seal Inc. (NASDAQ: WTSL) shares closed down 13.79 percent on Thursday. The stock was one of the largest percentage droppers on the NASDAQ. The stock traded a little over 5 million shares and hit a new 52-week low of $2.63 during intra-day trading. The company reported after the bell Wednesday and posted net sales of $127.7 million, nearly 6% lower than a year earlier and missing Thomson Reuters' consensus by $6.8 million.
Get more information on Wet Seal Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/WTSL
China Auto Logistic Inc. (NASDAQ: CALI) shares closed up 46.26 percent on Thursday on about 4.3 million shares traded. The stock hit a new 52-week high of $6.89 during intra-day trading and had one of the largest percentage increases on the NASDAQ. The company’s subsidiary, Tianjin Binhai Shisheng Trading Group Co., Ltd. ("Shisheng") signed an equity transfer agreement with Hezhong International Development Co, Ltd. to acquire Tianjin Zhonghe Auto Sales Service Co., the owner and operator of the Airport International Automall in Tianjin (the "Automall"). The Company plans to develop the Automall into a key site for what it believes can become one of the largest used car businesses in China.
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ReneSola Ltd. (NYSE: SOL) shares closed down 20.97 percent on Thursday on a little over 12 million shares traded. The stock was one of the biggest percentage losers on the NYSE. The drop came after the company released its third-quarter earnings report. Revenue jumped 92.2% from a year ago to $419.3 million and came in well ahead of the $360.7 million estimate. But net loss was $200.3 million, or $2.23 per ADS, which was far larger than the estimated loss of $0.22.
Get more information on ReneSola Ltd. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/SOL
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