TJX Companies Sees Biggest One Day Drop Since 2008; Staples Falls on Weak Earnings


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NYSE:TJX / NASDAQ:SPLS / OTC:BB:GFOX / NYSE:ARX
05/21/2014 [ACCESSWIRE]

The TJX Companies, Inc. (NYSE: TJX) - For an in-depth report on The TJX Companies, Inc. follow: www.BullTrends.com/stockquote/TJX

Shares of TJX closed down nearly 8% on Tuesday with about 17.3 million shares traded. The stock was one of the biggest decliners on the NYSE. The stock dropped the most in more than five years (the biggest drop since December 2008) after posting first-quarter profit and sales that came in below analysts’ estimates.

Staples, Inc. (NASDAQ: SPLS) - For an in-depth report on Staples, Inc. follow: www.BullTrends.com/stockquote/SPLS

Shares of SPLS slid 12.55% on about 12.4 million shares traded on Tuesday making it one of the biggest decliners on the NASDAQ. Profit for the company in Q1 plummeted 43.5% and revenue fell 2.8%. "When you're trying to take a company the size of Staples, which had a very strong retail legacy and move it into more of an online company, there's going to be a lot of changes and it's going to be hard to predict exactly when you can get back to historical margins," noted CEO Ron Sargent during a conference call following the earnings report.

Gray Fox Petroleum Corp. (OTCBB: GFOX) - For an in-depth report on Gray Fox Petroleum Corp. follow: www.BullTrends.com/stockquote/GFOX

Gray Fox Petroleum closed up 12.33% on Tuesday with about 250,000 shares traded. The stock was one of the leading advancers in the OTCBB market despite the modest trading volume and no company news. The company intends to explore alternative business opportunities in the oil and gas industry.

Aeroflex Holding Corp. (NYSE: ARX) - For an in-depth report on Aeroflex Holding Corp. follow:  www.BullTrends.com/stockquote/ARX

Shares of ARX closed up about 25% on Tuesday with nearly 26.5 million shares traded. The stock was a big advancer on the NYSE after it was revealed that British aerospace and defense supplier Cobham is buying Aeroflex Holding Corp for $920 million. This is the biggest deal for Cobham in its 80 year history.

 

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