GNC Holdings Slumps: GNC Falls 14.6% in Session - Tale of the Tape
February 18 2014 - 8:54AM
Zacks
GNC Holdings Inc. (GNC) saw a
big move last session, as the company’s shares fell by about 15% on
Friday. The move came on pretty good volume too with far more
shares changing hands than in a normal session.
This breaks the recent trend of the company, as the stock is now
trading below the volatile price range of $53.76 to $49.02 in the
past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as
this specialty retailer of health and wellness products has seen 9
negative revisions in the past few weeks and its current year
earnings consensus has moved lower over the last 30 days. This
suggests there may be more trouble down the road. So make sure to
keep an eye on this stock going forward to see if this recent slump
will continue, as the earnings picture definitely suggests that
this might be the case.
GNC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is
negative.
Some better-ranked stocks in the retail sector include
Herbalife Ltd. (HLF), Farmer Brothers
Co. (FARM) and Coastal Contacts Inc.
(COA). All these stocks hold a Zacks Rank #2 (Buy).
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