Weakness Seen in PriceSmart (PSMT): Stock Plunges 11.5% - Tale of the Tape

PriceSmart Inc. PSMT saw a big move in the last trading session, as the company's shares fell by nearly 12% 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 $98.77 to $110.91 in the past one-month time frame.

The company, which owns and operates membership shopping warehouse clubs in Latin American and Caribbean, has seen 1 negative estimate revision over the past month, though the current year earnings consensus hasn't been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

PSMT currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Retail/ Wholesale sector may consider better-ranked stocks like Famous Dave's of America Inc. DAVE, Jack in the Box Inc. JACK and Zale Corporation ZLC, each carrying a Zacks Rank #1 (Strong 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 >>



 
FAMOUS DAVES DAVE: Free Stock Analysis Report
 
JACK IN THE BOX JACK: Free Stock Analysis Report
 
PRICESMART INC PSMT: Free Stock Analysis Report
 
ZALE CORP NEW ZLC: Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!