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Weakness Seen in Manchester United (MANU): Stock Tumbles 7.1%
August 05, 2014

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Manchester United plc (MANU - Free 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. , HomeAway, Inc. and Royal Caribbean Cruises Ltd. (RCL - Free Report) , each of which holds a Zacks Rank #2 (Buy).

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