Weakness Seen in Fastenal (FAST): Stock Drops 5.2% - Tale of the Tape

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Fastenal Company ( FAST ) saw a big move last session, as the company's shares fell by over 5% 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 $45.68 to $48.21 in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as this wholesaler and retailer of industrial and construction supplies has seen 6 negative revisions in the past few weeks. Subsequently, its current year earnings consensus has also moved lower over the same time frame. 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.

FAST currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Some better-ranked building product retailers and wholesalers include Builders FirstSource, Inc. ( BLDR ), The Home Depot, Inc. ( HD ) and Lumber Liquidators Holdings, Inc. ( LL ). All these stocks carry a Zacks Rank #2 (Buy).

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BUILDERS FIRSTS (BLDR): Free Stock Analysis Report

FASTENAL (FAST): Free Stock Analysis Report

HOME DEPOT (HD): Free Stock Analysis Report

LUMBER LIQUIDAT (LL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: BLDR , FAST , HD , LL

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