5 Service Sector Stocks Being Dumped August 26th

Through the early part of trading on Friday, August 26, 2011, these stocks are bringing down the Services (NYSE:IYC) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because ‘Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

KT Corporation (NYSE:KT) shares are trading at $16.36, which is 35 cents (-2.1%) below the previous close of $16.71. KT Corporation is a telecommunications service provider in Korea and Asia.

Stock Price Performance: From July 28, 2011, to August 25, 2011, the stock price fell $2.91 (-14.8%) from $19.62 to $16.71. The stock price saw one of its best stretches over the last year between August 10, 2011 and August 23, 2011 when shares rose for 10 straight trading days, adding 14% (+$2.17). It saw one of its worst periods between August 3, 2011 and August 10, 2011 when shares declined for six straight trading days, falling 21.4% (-$4.23).

Starwood Hotel & Resorts Worldwide, Inc. (NYSE:HOT) shares are trading at $39.95, down 28 cents (-1.8%) from the previous close of $40.67. Starwood Hotels & Resorts Worldwide Inc. operates hotel and leisure business. Its brand names include St. Regis, The Luxury Collection, W, Westin and Le Mridien.

Stock Price Performance: From May 31, 2011, to August 24, 2011, the stock price fell $18.05 (-29.6%) from $60.98 to $42.93. The stock price saw one of its best stretches over the last year between April 14, 2011 and April 21, 2011 when shares rose for six straight trading days, climbing 7.4% (+$4.21). It saw one of its worst periods between March 30, 2011 and April 11, 2011 when shares declined for nine straight trading days, falling 3.3% (-$1.91).

Virgin Media Inc. (NASDAQ:VMED) stocks are trading at $23.46. This is 23 cents (-1.1%) below the previous close of $23.73, making the company one of the biggest price losers in the sector today. Virgin Media, Inc. is a provider of entertainment and communications services in the U.K., offering ‘quad-play’ broadband internet, television, mobile telephony and fixed line telephony services.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price fell $8.44 (-26.2%) from $32.17 to $23.73. The stock price saw one of its best stretches over the last year between October 19, 2010 and November 5, 2010 when shares rose for 14 straight trading days, climbing 11.7% (+$2.78). It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, dropping 10.2% (-$2.87).

Macerich Co. (NYSE:MAC) shares are trading at $45.20, which is 40 cents (-1.4%) below the previous close of $45.83. Macerich Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States.

Stock Price Performance: From July 28, 2011, to August 25, 2011, the stock price fell $7.07 (-13.4%) from $52.90 to $45.83. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 8, 2011 when shares rose for 11 straight trading days, climbing 10% (+$5.07). It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight trading days, dropping 21.5% (-$11.35).

SL Green Realty Corporation (NYSE:SLG) shares are trading at $63.20, down 31 cents (-1.2%) from the previous close of $63.99. SL Green Realty Corporation is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.

Stock Price Performance: From May 31, 2011, to August 24, 2011, the stock price fell $23.67 (-26.3%) from $89.90 to $66.23. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares declined for nine straight trading days, falling 12.9% (-$11.28). The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares climbed for nine straight trading days, rising 6.9% (+$5.68).

More from The Cheat Sheet