Christopher & Banks Corporation (CBK) was a big mover last session, as the company saw its shares rise roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.
The stock had been trending upward for most of the past month, before suffering consecutive declines on Mar 25 and Mar 26, due to fourth-quarter earnings miss reported on Mar 24. However, the shares saw an uptick on Friday, thereby reversing the recent trend.
The company has seen one negative revision in the past 30 days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.
Christopher & Banks currently carries a Zacks Rank #4 (Sell).
A better-ranked retail stock is Citi Trends, Inc. (CTRN), sporting a Zacks Rank #1(Strong Buy).
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