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Autohome (ATHM) Falls: Stock Goes Down 8.1%
August 22, 2014

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Autohome Inc. (ATHM - Free Report) saw a big move last session, as the company’s shares fell more than 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ATHM as the stock is now up around 30.7% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year estimates have 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.

ATHM currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the Technology sector include Borderfree, Inc. , Facebook, Inc. (FB - Free Report) and Marchex, Inc. (MCHX - Free Report) . All these stocks carry a Zacks Rank # 2 (Buy).

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