RealD Inc. (RLD) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $11.53–$12.93 in the past one-month time frame, showed a sharp decline yesterday at $11.80.
Although this slump was obviously disappointing, this technology services company has seen 2 positive revisions and its current year earnings consensus has moved from a loss estimate to a profit. This suggests that the recent slump might be a temporary blip on the radar for RLD. 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.
RLD currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the business services sector may consider better-ranked stocks like Adecco S.A. (AHEXY), Avis Budget Group, Inc. (CAR) and US Ecology, Inc. (ECOL). All these stocks carry a Zacks Rank #1 (Strong Buy).
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