Here at Zacks, we don’t typically focus on a stock’s actual per-share price. Instead, our proven stock-picking system puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors. However, we know that lower-priced stocks can be attractive for smaller investors, and we stay tuned into the stocks that are grabbing headlines, regardless of their share price.
With that said, we recognize that stocks trading for under $10 per share continue to attract plenty of investor attention, likely because they give the average investor the ability to take sizeable position in a company—just like the heavy-hitters on Wall Street.
Another interesting thing about stocks under $10 is that they are often susceptible to massive one-day swings, which means that they frequently among our biggest daily movers. That was the case today, as several noteworthy companies trading for less than $10 per share surged during regular trading hours.
Check out these three stocks under $10 that soared today:
1. Fossil Group, Inc. (FOSL - Free Report)
Fossil Group has plummeted in the wake of its disappointing earnings release last week, but the stock showed some signs of bouncing back today. Shares of the accessory maker gained more than 5.5% to hit an intraday high of $7.15 as investors reacted favorably to the debut of its first sporty smartwatch, the Fossil Q Control. Today’s gains have brought the stock back to its pre-earnings level, but FOSL is still a long way off its 52-week high of $36.87.
2. 1-800-Flowers.com, Inc. (FLWS - Free Report)
Shares of 1-800-Flowers were up more than 3.3% in late afternoon trading Tuesday, and earlier in the afternoon, the stock reached an intraday high of $9.25 per share. While the company has been bleeding money this year, its latest earnings report included narrower-than-expected losses, and the stock has responded well. Still, earnings estimates for the upcoming fiscal year have been steadily on the way down, which has helped FLWS earn a Zacks Rank #4 (Sell).
3. Pandora Media, Inc. (P - Free Report)
Pandora is another company that disappointed investors with its most recent earnings report. The internet radio pioneer missed revenue estimates, and its stock was punished as result, plummeting nearly 40% in the week following the report. Nevertheless, shares look to have bottomed out. On Tuesday, the stock began its recovery, surging more than 4.81% and hitting an intraday high of $4.93 per share.
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