Back to top

American Apparel (APP) in Focus: Stock Tanks 20.9%
June 25, 2014

Read MoreHide Full Article
American Apparel, Inc. saw a big move last session, as the company’s shares fell by nearly 21% 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 $0.61 to $0.69 in the past one-month time frame.

The branded fashion based apparel manufacturer and distributor has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for loss 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.

 APP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Retail-Apparel/Shoe industry include Christopher & Banks Corporation (CBK - Free Report) , Citi Trends, Inc. and The Men’s Wearhouse, Inc. . Among these stocks, Christopher & Banks Corporation and Citi Trends carry a Zacks Rank #1 (Strong Buy) and The Men’s Wearhouse carries a Zacks Rank #2 (Buy).

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 >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Christopher & Banks Corporation (CBK) - free report >>

More from Zacks Tale of the Tape

You May Like