Aeropostale, Inc. (AR0) saw a big move last session, as the company’s shares fell nearly 25% 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 $4.37 to $4.97 in the past one-month time frame.
Although this slump was obviously disappointing, the apparel and accessories retailer has seen 5 positive revisions and its current year loss consensus has narrowed over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for ARO. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
ARO currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the retail sector include Citi Trends, Inc. (CTRN), American Apparel, Inc. (APP) and Genesco Inc. (GCO). While Citi Trends carries a Zacks Rank #1 (Strong Buy), American Apparel and Genesco hold a Zacks Rank #2 (Buy).
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