Conns Inc. ( CONN ) saw a big move last session, as the company's shares fell by nearly 41% 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 CONN, as the stock is now down nearly 42% since Nov 24.
The specialty retailer has seen a flat track 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.
CONN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Retail Consumer Electronics sector may consider better-ranked stock like Best Buy Co., Inc. ( BBY ). Investors interested in the broader Retail/Wholesale sector can consider stocks like Bebe Stores, Inc. ( BEBE ) and Big 5 Sporting Goods Corp. ( BGFV ). While Bebe Stores and Big 5 Sporting Goods sport a Zacks Rank #1 (Strong Buy), Best Buy holds Zacks Rank #2 (Buy).
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