Strength Seen in Genesco (GCO): Stock Adds 7% in Session
Genesco Inc. GCO was a big mover last session, as the company saw its shares rise nearly 7% on the day. The upside came after the company posted decent comps for the quarter-to-date period ended Jan 2, 2016, 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 $54.55 to $59.01 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Genesco currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the same space is Abercrombie & Fitch Co. ANF sporting a Zacks Rank #1 (Strong Buy).
Is GCO going up? Or down? Predict to see what others think: Up or Down
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