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Blackhawk Network Holdings (HAWK) Falls: Stock Goes Down 10%

Blackhawk Network Holdings, Inc.HAWK saw a big move last session, as the company's shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the most recent trend for HAWK as the stock was up over 11% from Sep 28 to Oct 13, before the slump yesterday.

On Oct 13, Blackhawk Network Holdings reported third-quarter 2015 loss of $3.6 million, reversing from year-ago quarter's profit.

Blackhawk Network Holdings has seen no estimate revision over the past few weeks, and the consensus for earnings is unchanged over the same time frame. 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.

HAWK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Virtu Financial, Inc. VIRT , holding a Zacks Rank #2 (Buy).

Is HAWK going up? Or down? Predict to see what others think: Up or Down

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BLACKHAWK NETWK (HAWK): Free Stock Analysis Report

VIRTU FINL INC (VIRT): 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 Nasdaq, Inc.


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

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