Zumiez shares are reeling after the retailer issued ugly guidance
U.S. stocks are slightly higher today, despite weaker-than-expected jobs data. Among specific stocks in focus today are high-end retailer Canada Goose Holdings (NYSE:GOOS), information technology company VMware, Inc. (NYSE: VMW), and footwear name Zumiez Inc. (NASDAQ: ZUMZ). Here's a quick look at what's moving shares of GOOS, VMW, and ZUMZ.
GOOS Stock Soars After Better-Than-Expected Earnings
Canada Goose Holdings reported a smaller-than-expected loss in its first quarterly release as a publicly traded company. As a result, the stock is up 9.1% at $20.42, and fresh off an all-time high of $21. The shares have been flying high since their IPO in late March, tacking on 16% year to date. Wall Street was bullish toward GOOS stock heading into earnings: short interest has dropped almost 32% since the last reporting period, and five of nine analysts maintain "buy" or better ratings.
VMW Stock Dips After Earnings
VMware reported stronger-than-expected earnings and revenue, though the shares were last seen lower as traders pan smaller profit margins. VMW stock is down 3% at $94.22, after touching a two-year high of $98 yesterday. However, the shares are finding support at their 40-day moving average, which has acted as a launching pad for VMware stock of late. Analysts expect a rebound, too, with no fewer than eight brokerage firms giving the stock a price-target raise. However, roughly half of analysts still maintain a "hold" rating, and short interest represents nearly four weeks' worth of pent-up buying demand.
ZUMZ Stock Drops After Ugly Guidance
Zumiez stock is reeling after the company surprised Wall Street with predictions of a current-quarter loss. The stock is down 9.7% at $13.05, just off an annual low of $12.95. ZUMZ is on the short-sale restricted list today, but there are likely plenty of bears cheering. Over one-fifth of the stock's float is sold short, and it would take roughly nine days to buy back all of ZUMZ's shorted shares, at the equity's average daily trading volume.
U.S. stocks are slightly higher today, despite weaker-than-expected jobs data. Among specific stocks in focus today are high-end retailer Canada Goose Holdings (NYSE:GOOS), information technology company VMware, Inc. (NYSE: VMW), and footwear name Zumiez Inc. (NASDAQ: ZUMZ). Here's a quick look at what's moving shares of GOOS, VMW, and ZUMZ.
GOOS Stock Soars After Better-Than-Expected Earnings
Canada Goose Holdings reported a smaller-than-expected loss in its first quarterly release as a publicly traded company. As a result, the stock is up 9.1% at $20.42, and fresh off an all-time high of $21. The shares have been flying high since their IPO in late March, tacking on 16% year to date. Wall Street was bullish toward GOOS stock heading into earnings: short interest has dropped almost 32% since the last reporting period, and five of nine analysts maintain "buy" or better ratings.
VMW Stock Dips After Earnings
VMware reported stronger-than-expected earnings and revenue, though the shares were last seen lower as traders pan smaller profit margins. VMW stock is down 3% at $94.22, after touching a two-year high of $98 yesterday. However, the shares are finding support at their 40-day moving average, which has acted as a launching pad for VMware stock of late. Analysts expect a rebound, too, with no fewer than eight brokerage firms giving the stock a price-target raise. However, roughly half of analysts still maintain a "hold" rating, and short interest represents nearly four weeks' worth of pent-up buying demand.
ZUMZ Stock Drops After Ugly Guidance
Zumiez stock is reeling after the company surprised Wall Street with predictions of a current-quarter loss. The stock is down 9.7% at $13.05, just off an annual low of $12.95. ZUMZ is on the short-sale restricted list today, but there are likely plenty of bears cheering. Over one-fifth of the stock's float is sold short, and it would take roughly nine days to buy back all of ZUMZ's shorted shares, at the equity's average daily trading volume.
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