Markets
FL

Pacific Sunwear of California (PSUN) Crumbles: Stock Falls by 5.2% - Tale of the Tape

Pacific Sunwear of California Inc. ( PSUN ) saw a big move last session, as the company's shares fell by about 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $2.63-$3.11 in the past one-month time frame, showed a sharp decline yesterday at $2.94.

The specialty retailer has seen a flat track record when it comes to current year estimate revisions over the past few weeks 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 of this firm in the near future, and especially on earnings estimates following the recent slump.

PSUN currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Retail-Apparel/Shoe industry include Citi Trends, Inc. ( CTRN ), American Apparel, Inc. ( APP ) and Foot Locker, Inc. ( FL ). Among these stocks, Citi Trends holds a Zacks Rank #1 (Strong Buy), while American Apparel and Foot Locker hold a Zacks Rank #2 (Buy).

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 report >>

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 report

AMER APPAREL (APP): Free Stock Analysis Report

CITI TRENDS INC (CTRN): Free Stock Analysis Report

FOOT LOCKER INC (FL): Free Stock Analysis Report

PAC SUNWEAR CAL (PSUN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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.

In This Story

FL CTRN

Other Topics

Investing Stocks

Latest Markets Videos