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Finish Line Inc (NASDAQ:FINL) shares are trading lower by $2.90 (18 percent) at $13.16 in Friday's session.
Even though sales came in $7.5 million above estimates, the company missed for EPS by $0.21. The company guided the Street much lower for FY 2017 EPS in the $1.12-$1.23 range vs. $1.46 estimates.
After a much lower open, Finish Line's stock managed a brief rally to $13.93 before continuing its move lower. So far, the ensuing decline took the stock to $12.63 and it has rebounded back into the $13.00 handle.
That marks the lowest level for the issue since it put in a pair of lows on August 25, 2010 at $12.68 and August 26, 2010 at $12.65.
Today's price action is taking place on much higher than average volume. With over five hours remaining in the session, 6 million shares have already traded compared to its 20-day average volume of 1.58 million.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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