Rocket Fuel (FUEL) Crumbles: Stock Plunges by 31.1%
Rocket Fuel Inc. (FUEL) saw a big move last session, as the company’s shares fell by over 31% 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 FUEL, as the stock is now down nearly 37% since Jul 30.
This slump shouldn’t be too much of a surprise to investors, as the current year earnings consensus for this technology company has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
FUEL currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include F5 Networks, Inc. (FFIV), Support.com, Inc. (SPRT) and TeleCommunication Systems Inc. (TSYS). All these stocks sport a Zacks Rank #1 (Strong Buy).
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ROCKET FUEL INC (FUEL): Free Stock Analysis Report
F5 NETWORKS INC (FFIV): Free Stock Analysis Report
SUPPORTCOM INC (SPRT): Free Stock Analysis Report
TELECOMMUNICATIONS SYS CL A (TSYS): Free Stock Analysis Report
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