Pacific Sunwear Stock Gaps Down On Today's Open (PSUN)
Shares of Pacific Sunwear (Nasdaq:PSUN) were gapping down Wednesday morning with an open price 16.3% lower than Tuesday's closing price. The stock closed at $2.51 yesterday and opened today's trading at $2.10.
NEW YORK ( TheStreet) -- Shares of Pacific Sunwear (Nasdaq: PSUN) were gapping down Wednesday morning with an open price 16.3% lower than Tuesday's closing price. The stock closed at $2.51 Tuesday and opened today's trading at $2.10. The average volume for Pacific Sunwear has been 834,500 shares per day over the past 30 days. Pacific Sunwear has a market cap of $126.7 million and is part of the services sector and retail industry. Shares are up 46.8% year to date as of the close of trading on Tuesday. Pacific Sunwear Of California, Inc., together with its subsidiaries, operates as a retailer in the action sports, fashion, and music influences of the California lifestyle. TheStreet Ratings rates Pacific Sunwear as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Pacific Sunwear Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.