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).
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RADIOSHACK CORP (RSH): Free Stock Analysis Report
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