Wet Seal Inc. (WTSL) saw a big move last session, as the company’s shares fell by nearly 12.0% 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 most recent downtrend for WTSL, as the stock is now down nearly 36.6% since March 20, 2014.
This slump shouldn’t be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus 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.
WTSL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is.00%.
Some better-ranked stocks in the services sector include American Apparel, Inc. (APP), Belle International Holdings Limited (BELLY) and Foot Locker, Inc. (FL). All these stocks carry a Zacks Rank #2 (Buy).
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WET SEAL CL A (WTSL): Free Stock Analysis Report
AMERICAN APPAREL INC (APP): Free Stock Analysis Report
BELLE INTL HLDG ADR (BELLY): Free Stock Analysis Report
FOOT LOCKER INC (FL): Free Stock Analysis Report
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