American Apparel, Inc. (APP) saw a big move in the last trading session, as the company’s shares fell by over 32% 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 $1.14 to $0.85 in the past one-month time frame.
American Apparel, a manufacturer, distributor, and retailer of branded fashion apparel, has not witnessed any current year estimate revision in the last 30 days, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
APP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Retail-App/Shoe industry include Christopher & Banks Corporation (CBK), Finish Line Inc. (FINL) and Li Ning Company Limited (LNNGY). While Christopher & Banks carries a Zacks Rank #1 (Strong Buy), Finish Line and Li Ning hold a Zacks Rank #2 (Buy).
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