|Day Low/High||15.76 / 16.73|
|52 Wk Low/High||2.78 / 40.80|
Not all retail is equal. Jim Cramer says avoid Vera, Francesca's and Ascena, but Conn's and Costco look like winners.
It could go even lower than it is now if the wrong number shows up in the non-farm payroll data Friday, Cramer said.
Results are mixed at best, and this points to further trouble ahead.
TheStreet Ratings group highlights 3 stocks pushing the retail industry lower today.
Francescas Holdings (Nasdaq:FRAN) is trading at unusually high volume Thursday with 2.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $2.19 (-7.3%).
UPDATE - Only a few sectors that had escaped it are getting hit now.
Francescas Holdings was a winner within the specialty retail industry, rising $0.55 (1.9%) to $30.09 on heavy volume
Investors considering a purchase of Francesca's Holdings Corp stock, but tentative about paying the going market price of $29.96/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $17.50 strike, which has a bid at the time of this writing of $2.30.
In trading on Friday, shares of Francesca's Holdings Corp crossed below their 200 day moving average of $28.38, changing hands as low as $28.28 per share. Francesca's Holdings Corp shares are currently trading up about 1.9% on the day.
Francescas Holdings was a winner within the specialty retail industry, rising $1.51 (5.0%) to $31.48 on heavy volume
TheStreet Ratings group highlights 3 stocks pushing the specialty retail industry higher today.
The most recent short interest data has been released by the NASDAQ for the 04/30/2013 settlement date, which shows a 1,870,515 share decrease in total short interest for Francesca's Holdings Corp , to 14,138,439, a decrease of 11.68% since 04/15/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
In trading on Thursday, shares of Francesca's Holdings Corp crossed above their 200 day moving average of $28.44, changing hands as high as $28.53 per share. Francesca's Holdings Corp shares are currently trading up about 3% on the day.
In trading on Wednesday, shares of Francesca's Holdings Corp crossed below their 200 day moving average of $28.48, changing hands as low as $27.83 per share. Francesca's Holdings Corp shares are currently trading down about 3% on the day.
U.S. retail and food service sales fell by 0.4% in March, to $418.3 billion, according to the Commerce Department.
The top 10 open-market insider purchases and sales filed at the SEC Thursday.
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