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Abercrombie (ANF) Surges: Stock Moves 8.1% Higher
Abercrombie & Fitch Co. (ANF - Free Report) was a big mover last session, as the company saw its shares rise more than 8% 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 $9.42 to $11.14 in the past one-month time frame.
The upmove came after the company reported better-than-expected fiscal second-quarter 2020 (ended as of Aug 1, 2020) results.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Abercrombie has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Abercrombie Fitch Company Price
Abercrombie Fitch Company price | Abercrombie Fitch Company Quote
Investors interested in the Retail – Apparel and Shoes industry may consider Kering SA (PPRUY - Free Report) which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong buy) stocks here.
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