Global Cash Access Holdings, Inc.
) saw a big move last session, as the company's shares fell by
nearly 16% on the day. 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 $7.85 to $8.75 in the past
one-month time frame.
This slump shouldn't be too much of a surprise to investors, as
this stock in the Financial Services industry 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.
Global Cash Access currently has a Zacks Rank #4 (Sell) while its
Earnings ESP is negative.
Some better-ranked stocks in the same space include
Apollo Residential Mortgage, Inc.
Euronet Worldwide Inc.
American Express Company
). While Apollo Residential and Euronet Worldwide sport a Zacks
Rank #1 (Strong Buy), American Express carries a Zacks Rank #2
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APOLLO RES MTGE (AMTG): Free Stock Analysis
AMER EXPRESS CO (AXP): Free Stock Analysis
EURONET WORLDWD (EEFT): Free Stock Analysis
GLOBAL CASH ACS (GCA): Free Stock Analysis
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