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American Apparel (APP) Plunges: Stock Falls 32% in Session
February 21, 2014

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American Apparel, Inc. saw a big move in the last trading session, as the company’s shares fell by over 32% on the day. The move came on pretty good 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 below the volatile price range of $1.14 to $0.85 in the past one-month time frame.

American Apparel, a manufacturer, distributor, and retailer of branded fashion apparel, has not witnessed any current year estimate revision in the last 30 days, 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

APP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Retail-App/Shoe industry include Christopher & Banks Corporation (CBK - Free Report) , Finish Line Inc. (FINL - Free Report) and Li Ning Company Limited (LNNGY - Free Report) . While Christopher & Banks carries a Zacks Rank #1 (Strong Buy), Finish Line and Li Ning hold a Zacks Rank #2 (Buy).

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