Elizabeth Arden, Inc. ( RDEN ) saw a big move last session, as the company's shares fell nearly 23% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RDEN, as the stock is now down a little over 26% since Apr 29, 2014.
The cosmetic company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
RDEN currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include B&G Foods Inc.
), BRF S.A.
) and Coca-Cola Amatil Limited
). All these stocks hold a Zacks Rank #2 (Buy).
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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 reportB&G FOODS CL-A (BGS): Free Stock Analysis ReportBRF-BRASIL FOOD (BRFS): Free Stock Analysis ReportCOCA-COLA AMATI (CCLAY): Get Free ReportELIZABETH ARDEN (RDEN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research