Weakness Seen in WD-40 Company (WDFC): Stock Declines 6.5% - Tale of the Tape

WD-40 Company (WDFC) saw a big move last session, as the company’s shares fell by over 6.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $74.63 to $78.30 in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

WDFC currently has a Zacks Rank #3(Hold) while its Earnings ESP is zero.

Some better-ranked stocks in the consumer goods sector include Kimberly-Clark Corporation (KMB), A. H. Belo Corporation (AHC) and Diamond Foods, Inc. (DMND). All these stocks holds a Zacks Rank #2 (Buy).   

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