O’Reilly Automotive, Inc. (ORLY) uptrend could be a dead cat bounce
By Mark Moneymaster
October 29, 2009 12:03 PM
October 29, 2009 12:03 PM
Symbols: ORLY
O’Reilly Automotive, Inc. (NASDAQ: ORLY) has already surged by 14.28% to $38.42 by mid-day in Thursday’s session, after O’Reilly Automotive, Inc. (ORLY) stock slipping for a few successive sessions. However, given that even that 14% recovery on Thursday has so far not been coupled with high volumes, it appears that this could be a dead cat bounce also.
O’Reilly Automotive, Inc. (ORLY) results for the quarter to September were significantly better than a year back, as the auto components retailer managed to more than double its earnings for July-September ‘09 to $87.1 million from $41.4 million a year back.
O’Reilly Automotive, Inc. (ORLY) stock has a market capitalization of $5225 million.
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