Notable Price Action: GNC Holdings Inc Sets All-Time Low; Strong Momentum for Sellers

Notable Price Action: GNC Holdings Inc Sets All Time Low; Strong Momentum for Sellers

The stock of GNC Holdings Inc (NYSE:GNC) reached all time low today, Oct, 28 and still has $12.78 target or 6.00% below today’s $13.60 share price. This indicates more downside for the $698.66M company. This technical setup was reported by Barchart.com. If the $12.78 PT is reached, the company will be worth $41.92 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 9.79 million shares traded hands or 314.83% up from the average. GNC Holdings Inc (NYSE:GNC) has declined 50.43% since March 28, 2016 and is downtrending. It has underperformed by 55.14% the S&P500.

Analysts await GNC Holdings Inc (NYSE:GNC) to report earnings on November, 3. They expect $0.72 earnings per share, down 4.00% or $0.03 from last year’s $0.75 per share. GNC’s profit will be $36.99 million for 4.73 P/E if the $0.72 EPS becomes a reality. After $0.79 actual earnings per share reported by GNC Holdings Inc for the previous quarter, Wall Street now forecasts -8.86% negative EPS growth.

GNC Holdings Inc (NYSE:GNC) Ratings Coverage

Out of 9 analysts covering GNC Holdings (NYSE:GNC), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. GNC Holdings has been the topic of 15 analyst reports since August 3, 2015 according to StockzIntelligence Inc. On Monday, November 2 the stock rating was maintained by JP Morgan with “Neutral”. Goldman Sachs maintained the stock with “Buy” rating in Wednesday, April 6 report. The rating was initiated by Barclays Capital on Friday, September 23 with “Equal-Weight”. The firm has “Neutral” rating by Sterne Agee CRT given on Friday, October 23. On Friday, October 30 the stock rating was maintained by Deutsche Bank with “Hold”. On Friday, April 29 the stock rating was maintained by Wedbush with “Outperform”. The rating was initiated by Wedbush with “Outperform” on Thursday, April 21. The rating was upgraded by Stephens to “Overweight” on Friday, October 30. The stock has “Overweight” rating given by Piper Jaffray on Tuesday, May 10. The company was downgraded on Friday, April 29 by Goldman Sachs.

According to Zacks Investment Research, “GNC Holdings, Inc. operates as a specialty retailer of nutritional products including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. The Company offers its products under the brands- Mega Men, Ultra Mega, GNC WELLbeING, Pro Performance, Pro Performance AMP and Longevity Factors and etc. It also offers products and product information online. GNC Holdings, Inc. is based in Pittsburgh, Pennsylvania.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.15, from 1.05 in 2016Q1. The ratio worsened, as 47 funds sold all GNC Holdings Inc shares owned while 67 reduced positions. 33 funds bought stakes while 70 increased positions. They now own 64.83 million shares or 5.96% less from 68.93 million shares in 2016Q1.
Gotham Asset Ltd Co has invested 0.09% of its portfolio in GNC Holdings Inc (NYSE:GNC). Camarda Fin Advisors Lc accumulated 0.66% or 42,962 shares. Principal Fin Grp Incorporated holds 0% of its portfolio in GNC Holdings Inc (NYSE:GNC) for 13,870 shares. Northern accumulated 0.01% or 907,604 shares. First Quadrant Lp Ca, a California-based fund reported 80,200 shares. Tpg reported 3.06M shares or 10.72% of all its holdings. Old Mutual Invsts (Uk) Ltd owns 458,126 shares or 0.21% of their US portfolio. Savings Bank Of Montreal Can holds 2,165 shares or 0% of its portfolio. Moreover, Pinebridge Investments Lp has 0.01% invested in GNC Holdings Inc (NYSE:GNC) for 9,625 shares. Raymond James & has invested 0% of its portfolio in GNC Holdings Inc (NYSE:GNC). Highbridge Capital Mngmt Ltd Liability Co last reported 0.06% of its portfolio in the stock. Nationwide Fund Advsrs owns 44,914 shares or 0% of their US portfolio. Ameriprise Fincl has invested 0% of its portfolio in GNC Holdings Inc (NYSE:GNC). Winslow Evans And Crocker Inc has 6,686 shares for 0% of their US portfolio. Sei Investments Com accumulated 3,314 shares or 0% of the stock.

More notable recent GNC Holdings Inc (NYSE:GNC) news were published by: Prnewswire.com which released: “GNC Holdings, Inc. Announces Quarterly Dividend” on October 21, 2016, also Nasdaq.com with their article: “Earnings Reaction History: GNC Holdings Inc, 50.0% Follow-Through Indicator, 8 …” published on October 27, 2016, Forbes.com published: “GNC Holdings is Oversold” on October 27, 2016. More interesting news about GNC Holdings Inc (NYSE:GNC) were released by: Prnewswire.com and their article: “GNC Holdings, Inc. Third Quarter 2016 Earnings Release, Webcast and Conference …” published on October 11, 2016 as well as Investorplace.com‘s news article titled: “Why Halliburton Company (HAL), GNC Holdings Inc (GNC) and Michael Kors …” with publication date: October 19, 2016.

GNC Company Profile

GNC Holdings, Inc., incorporated on February 5, 2007, is a specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products (VMHS), sports nutrition products and diet products. The Company’s activities consist of purchasing raw materials, formulating and manufacturing products and selling the finished products. The Firm operates in three divisions: Retail, Franchising and Manufacturing/Wholesale. The Company’s brands include Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD and Herbal Plus. The Firm operates its primary manufacturing facilities in South Carolina and distribution centers in Arizona, Indiana, Pennsylvania and South Carolina. The Firm makes its branded products and also merchandises various third-party products.

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