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Pacific Sunwear of California (PSUN) Crumbles: Stock Falls by 5.2%
May 30, 2014

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Pacific Sunwear of California Inc. saw a big move last session, as the company’s shares fell by about 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $2.63–$3.11 in the past one-month time frame, showed a sharp decline yesterday at $2.94.

The specialty retailer has seen a flat track record when it comes to current year estimate revisions over the past few weeks 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.

PSUN currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Retail-Apparel/Shoe industry include Citi Trends, Inc. , American Apparel, Inc. and Foot Locker, Inc. (FL - Free Report) . Among these stocks, Citi Trends holds a Zacks Rank #1 (Strong Buy), while American Apparel and Foot Locker hold a Zacks Rank #2 (Buy).

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