There was an AH -8% move that translated into a current -5.5% move today. No major news was released outside of the May 2018 sales numbers (linked). The sales numbers were solid, with 12.5% growth in net sales, and 12.5% growth in daily sales. It is worth noting that the 12.5% numbers are the lowest/near lowest the company has seen in 12+ months, but daily sales are above the 9.7% y-o-y growth seen in May '17. If the massive negative reaction today is solely due to the May '18 sales numbers, then it is my personal opinion that this may be a decent entry point, as my investment thesis remains intact.
Does anybody have any additional information on what might be moving the stock today?
Submitted June 06, 2018 at 11:20AM by EasyE0287 https://ift.tt/2sL5qU6
No comments:
Post a Comment