Clear Channel Outdoor Holdings Inc. ( CCO ) saw a big move last session, as the company's shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $9.03-$10.12 in the past one-month time frame, showed a sharp decline yesterday at $9.25.
This slump shouldn't be too much of a surprise to investors, as the advertising and marketing services company has seen 3 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.
CCO currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Investors interested in the advertising and marketing industry may consider better-ranked stocks like Millennial Media Inc.
), holding a Zacks Rank #1 (Strong Buy), and Marin Software Incorporated
) and Publicis Groupe SA
), both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days
. Click to get this free report >>CLEAR CHANL OUT (CCO): Free Stock Analysis ReportMILLENNIAL MEDA (MM): Free Stock Analysis ReportMARIN SOFTWARE (MRIN): Free Stock Analysis ReportPUBLICIS GP-ADR (PUBGY): Get Free ReportTo read this article on Zacks.com click here.