Elizabeth Arden, Inc. ( RDEN ) saw a big move last session, as the company's shares fell by over 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 over 28% since Aug 5, 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 #5 (Strong Sell).
Some better-ranked stocks in the same sector include Fresh Del Monte Produce Inc. ( FDP ), Sanderson Farms, Inc. ( SAFM ) and Kao Corporation ( KCRPY ). All these stocks hold a Zacks Rank #1 (Strong Buy).
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