Weakness Seen in Rent-A-Center (RCII): Stock Tumbles 10.9% – Tale of the Tape

July 14, 2014 Technicals 0

Zacks

Rent-A-Center, Inc. (RCII) saw a big move last session, as the company’s shares fell nearly 11% 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 RCII, as the stock is now down around 9.5% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. 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.

RCII currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the services sector include AerCap Holdings N.V. (AER), AeroCentury Corp. (ACY) and Apollo Residential Mortgage, Inc. (AMTG). All these stocks carry a Zacks Rank #2 (Buy).

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