Zumiez falls, trades near 52-week lows, levels to watch The stock is down over 7.7% at time of writing, trading near the 52-week low of $18.58, which is next support. Resistance is at $20.22. The shares were downgraded earlier today to Underperform at BofA/Merrill. The firm cited bad weather conditions and moderating trends for the recommendation change.
Zumiez downgraded to Neutral from Buy at B. Riley B. Riley downgraded Zumiez to Neutral with a reduced price target of $40 from $44. Firm's checks suggest a lackluster final week of Spring, an up-tick in promotions and discounting this week, and difficult comps the rest of the year.