21Vianet Group, Inc. (VNET) 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 continues the recent downtrend for VNET, as the stock is now down 30.8% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, 21Vianet Group has seen 1 negative revision 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.
VNET currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the retail sector include Baidu, Inc. (BIDU), Inuvo, Inc. (INUV) and Borderfree, Inc. (BRDR). While Baidu and Inuvo carry a Zacks Rank #1 (Strong Buy), Borderfree holds a Zacks Rank #2 (Buy).
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