RadioShack Corp. (RSH) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $1.31 to $1.47 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as RadioShack has seen 1 negative revision in the past few weeks and its current year consensus loss estimate has widened 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.
RSH currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.
Some better-ranked stocks in the retail sector include Citi Trends, Inc. (CTRN), Best Buy Co., Inc. (BBY) and Aaron's, Inc. (AAN). While Citi Trends holds a Zacks Rank #1 (Strong Buy) and Best Buy and Aaron’s carry a Zacks Rank #2 (Buy).
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RADIOSHACK CORP (RSH): Free Stock Analysis Report
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