Tuesday Morning Corporation (TUES) saw a big move last session, as the company’s shares fell by almost 15% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for TUES, as the stock is now down nearly 22% since Jun 11, 2015.
On Jun 30, 2015, the company announced the exit of its Chief Financial Officer, Jeffrey N. Boyer, which will be effective July 22, 2015. Boyer also served the company as Executive Vice President and Chief Administrative Officer.
This slump shouldn’t be too much of a surprise to investors, as the discount retailer’s current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
TUES currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the retail sector is Gordmans Stores, Inc. (GMAN), which currently carries a Zacks Rank #1 (Strong Buy).
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