Columbia Sportswear (COLM) Jumps: Stock Rises 14.2% - Tale of the Tape
Columbia Sportswear Company (COLM) was a big mover last session, as the company saw its shares rise over 14% on the day. The upside came after the company posted solid results for the second quarter as well as the fiscal year on Jul 30 which led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $58.75 to $62.64 in the past one-month time frame.
The company has seen 5 positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead for Columbia Sportswear. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Columbia Sportswear currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is G-III Apparel Group, Ltd. (GIII) sporting a Zacks Rank #1 (Strong Buy).
Is COLM going up? Or down? Predict to see what others think: Up or Down
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COLUMBIA SPORTS (COLM): Free Stock Analysis Report
G-III APPAREL (GIII): Free Stock Analysis Report
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