KeyBanc Decides to Downgrade Vipshop (VIPS) Stock

May 16, 2018 - By Adrian Mccoy

Vipshop (VIPS) Receives a Downgrade

It appears that trading for shares of Vipshop (VIPS) will be interesting to watch today. KeyBanc cut the stock from their past Overweight rating to a more current Sector Weight.

The stock increased 4.80% or $0.58 during the last trading session, reaching $12.66. About 34.07M shares traded or 266.81% up from the average. Vipshop Holdings Limited (VIPS) has risen 21.34% since May 17, 2017 and is uptrending. It has outperformed by 9.79% the S&P500.

Vipshop Holdings Limited, through its subsidiaries, operates as an online discount retailer for various brands in the People's Republic of China. The company has market cap of $8.34 billion. It offers a range of branded products, including women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories consisting of belts, fashionable jewelry, watches, and glasses for women and men. It has a 25.07 P/E ratio. The firm also provides handbags, such as purses, satchels, duffel bags, and wallets; apparel, gear and accessories, furnishings and decor, toys, and games for boys, girls, infants, and toddlers of all age groups; sports apparel, and sports gear, and footwear for tennis, badminton, soccer, and swimming; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and nail polish.

More notable recent Vipshop Holdings Limited (NYSE:VIPS) news were published by: Investorplace.com which released: “5 Top Stock Trades for Wednesday Morning” on May 15, 2018, also Schaeffersresearch.com with their article: “Inovio Stock Buzzing After HIV Vaccine Data” published on May 15, 2018, Foxbusiness.com published: “Why Vipshop Holdings Ltd – ADR Got Slammed Tuesday” on May 16, 2018. More interesting news about Vipshop Holdings Limited (NYSE:VIPS) were released by: Streetinsider.com and their article: “After-Hours Stock Movers 05/14: (PFNX) (MIME) (LPTH) Higher; (VIPS) (HAIR) (MYE) Lower (more…)” published on May 14, 2018 as well as Benzinga.com‘s news article titled: “KeyBanc Highlights Tencent And JD Concerns In Vipshop Downgrade” with publication date: May 16, 2018.

Vipshop Holdings Limited (NYSE:VIPS) Ratings Chart

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