Advertisement
Canada markets close in 2 hours 54 minutes
  • S&P/TSX

    22,179.31
    +72.23 (+0.33%)
     
  • S&P 500

    5,253.27
    +4.78 (+0.09%)
     
  • DOW

    39,784.89
    +24.81 (+0.06%)
     
  • CAD/USD

    0.7387
    +0.0015 (+0.20%)
     
  • CRUDE OIL

    82.77
    +1.42 (+1.75%)
     
  • Bitcoin CAD

    95,656.91
    +1,925.74 (+2.05%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,242.00
    +29.30 (+1.32%)
     
  • RUSSELL 2000

    2,127.88
    +13.53 (+0.64%)
     
  • 10-Yr Bond

    4.1930
    -0.0030 (-0.07%)
     
  • NASDAQ

    16,384.46
    -15.06 (-0.09%)
     
  • VOLATILITY

    12.99
    +0.21 (+1.64%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • CAD/EUR

    0.6838
    +0.0033 (+0.48%)
     

Weakness Seen in RadioShack (RSH): Stock Plunges 16.6%

RadioShack Corp. (RSH) saw a big move last session, as the company’s shares fell by nearly 17% 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 RSH, as the stock is now down 37.6% in the past one-month time frame.

RadioShack has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the consumer electronics retailing sector include Aaron's, Inc. (AAN), Best Buy Co., Inc. (BBY) and GameStop Corp. (GME). While Aaron's carries a Zacks Rank #2 (Buy), Best Buy and GameStop hold a Zacks Rank #3 (Hold).

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 >>






RADIOSHACK CORP (RSH): Free Stock Analysis Report


Zacks Investment Research