Weakness Seen in Manchester United (MANU): Stock Tumbles 7.1% - Tale of the Tape


Manchester United plc MANU 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, HomeAway, Inc. AWAY and Royal Caribbean Cruises Ltd. RCL, 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 >>

 

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
 
MANCHESTER UTD MANU: Free Stock Analysis Report
 
DIAMOND RESORTS DRII: Free Stock Analysis Report
 
HOMEAWAY INC AWAY: Free Stock Analysis Report
 
ROYAL CARIBBEAN RCL: 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!