Tile Shop Holdings, Inc. (TTS – Snapshot Report) was a big mover last session, as the company’s shares rose over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is now down over 25% in the past one-month time frame.
The company has seen 4 negative revisions in the past 30 days and its Zacks Consensus Estimate also moved lower over the same time frame, suggesting that there may be trouble down the road. So make sure you keep an eye on this stock going forward to see if the latest jump can last.
Tile Shop Holdings has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Third Point's Dan Loeb discusses their new positions in a letter to investor reviewed by ValueWalk. Stay tuned for more coverage. Loeb notes some new purchases as follows: Third Point’s investment in Grab is an excellent example of our ability to “lifecycle invest” by being a thought and financial partner from growth capital stages to Read More
Some better performing stocks in the retail wholesale sector include Autobytel Inc. ((ABTL – Snapshot Report)), Best Buy Co., Inc. ((BBY – Analyst Report)) and Builders FirstSource, Inc. ((BLDR – Snapshot Report)). All these stocks carry a Zacks Rank #1 (Strong Buy).
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