Did you earn 26% a year like the Zacks Rank? Perhaps time to learn more.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click
OK. If you do not, click Cancel.
Back to top
Weakness Seen in Manchester United (MANU): Stock Tumbles 7.1%
August 05, 2014
MANU DRII RCL
Manchester United plc ( MANU - Snapshot Report) saw a big move in the last trading session, as the company’s shares fell by over 7% 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 trend for MANU, as the stock is now down over 12% since Jul 23.
This slump shouldn’t be too much of a surprise to investors, as the company, engaged in the ownership and operation of Manchester United Football Club, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MANU currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Investors interested in the Leisure & Recreational Services industry may consider better-ranked stocks like Diamond Resorts International, Inc. ( DRII - Snapshot Report) , HomeAway, Inc. and Royal Caribbean Cruises Ltd. ( RCL - Analyst Report) , each of which holds 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 >>