U.S. Markets closed

Weakness Seen in Bebe Stores (BEBE): Stock Tanks 17.3%

Zacks Equity Research

Bebe Stores, Inc. (BEBE) saw a big move last session, as the company’s shares fell more than 17% 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 BEBE, as the stock is now down 35.9% in the past one-month time frame.

Although this slump was obviously disappointing, the company has seen 1 positive revisions and its current year consensus estimate of loss has narrowed over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for BEBE. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

BEBE currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the services sector include American Apparel, Inc. (APP), Foot Locker, Inc. (FL) and Zumiez, Inc. (ZUMZ). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

BEBE STORES INC (BEBE): Free Stock Analysis Report

AMERICAN APPAREL INC (APP): Free Stock Analysis Report

FOOT LOCKER INC (FL): Free Stock Analysis Report

ZUMIEZ CP (ZUMZ): Free Stock Analysis Report

Zacks Investment Research