GNC Holdings gaps, spikes higher, following earnings beat, better guidance The company beat consensus earnings by 4 cents per share and raised fiscal year 2013 guidance to a range of $2.75 to $2.80 per share, versus expectations of $2.72. The stock is up over 9.8%, last at $39.50 on very heavy volume. Next resistance is at $40.34. Support is at $39.06.
News For GNC From The Last 14 Days
Check below for free stories on GNC the last two weeks.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Strong Buy at ISI Group... Charter (CHTR) downgraded to Hold from Buy at Jefferies... Covidien (COV) downgraded to Hold from Buy at Needham... Diageo (DEO) downgraded to Underweight from Neutral at JPMorgan... GNC Holdings (GNC) downgraded to Hold from Buy at Jefferies... International Game (IGT) downgraded to Market Perform from Outperform at BMO Capital... JAVELIN Mortgage (JMI) downgraded to Market Perform from Outperform at JMP Securities... Macquarie Group (MQBKY) downgraded to Underweight from Neutral at JPMorgan... PNC Financial (PNC) downgraded to Neutral from Buy at Compass Point... PetSmart (PETM) downgraded to Sector Perform from Outperform at RBC Capital... Rexam (REXMY) downgraded to Hold from Buy at Deutsche Bank.
GNC Holdings downgraded to Hold from Buy at Jefferies Jefferies downgraded GNC Holdings to Hold citing a slowdown in industry sales trends and risk of near-term earnings disappointments. The firm lowered its price target for shares to $39 from $50.