Conn’s (CONN) in Focus: Stock Moves 6.5% Higher – Tale of the Tape

Zacks

Conn’s Inc. (CONN) was a big mover last session with its shares rising nearly 7% on the day. The move came on solid 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 above the volatile price range of $27.37 to $29.49 since Sep 15.

This specialty retailer of durable consumer goods has seen 6 negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can last.

Conn’s currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Some well-placed stocks worth considering in the broader retail sector are Citi Trends, Inc. (CTRN), Christopher & Banks Corporation (CBK) and Foot Locker, Inc. (FL). While Citi Trends sports a Zacks Rank #1 (Strong Buy), Christopher & Banks and Foot Locker bear a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply