Notable Price Action: What’s Next for GNC Holdings Inc After Touching All-Time Low?

Notable Price Action: What's Next for GNC Holdings Inc After Touching All Time Low?

The stock of GNC Holdings Inc (NYSE:GNC) reached all time low today, Nov, 8 and still has $11.97 target or 9.00% below today’s $13.15 share price. This indicates more downside for the $902.82M company. This technical setup was reported by Barchart.com. If the $11.97 PT is reached, the company will be worth $81.25M 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 530,860 shares traded hands. GNC Holdings Inc (NYSE:GNC) has declined 56.66% since April 5, 2016 and is downtrending. It has underperformed by 58.62% the S&P500.

GNC Holdings Inc (NYSE:GNC) Ratings Coverage

Out of 10 analysts covering GNC Holdings (NYSE:GNC), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. GNC Holdings has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, April 6 by Goldman Sachs. Stephens upgraded the stock to “Overweight” rating in Friday, October 30 report. The stock of GNC Holdings Inc (NYSE:GNC) earned “Underperform” rating by Bank of America on Friday, October 28. Barclays Capital initiated the stock with “Equal-Weight” rating in Friday, September 23 report. The firm has “Neutral” rating given on Friday, October 23 by Sterne Agee CRT. The stock has “Hold” rating given by Deutsche Bank on Friday, October 30. Piper Jaffray initiated the stock with “Overweight” rating in Tuesday, May 10 report. Deutsche Bank maintained GNC Holdings Inc (NYSE:GNC) rating on Friday, October 28. Deutsche Bank has “Hold” rating and $16 price target. The stock of GNC Holdings Inc (NYSE:GNC) has “Outperform” rating given on Thursday, April 21 by Wedbush. Barclays Capital maintained GNC Holdings Inc (NYSE:GNC) rating on Monday, November 2. Barclays Capital has “Overweight” rating and $37 price target.

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 dropped, 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.
Moreover, Connor Clark & Lunn Inv Limited has 0.02% invested in GNC Holdings Inc (NYSE:GNC) for 107,300 shares. Century Cap Management Limited Liability has 0.43% invested in the company for 160,016 shares. Strs Ohio reported 370,900 shares or 0.04% of all its holdings. Breithorn Capital Mngmt has 3.42% invested in the company for 184,230 shares. Schwab Charles Inv Management owns 325,274 shares or 0.01% of their US portfolio. Great West Life Assurance Can has 8,093 shares for 0% of their US portfolio. Quantbot Technologies Ltd Partnership accumulated 44,901 shares or 0.12% of the stock. Geode Cap Ltd has invested 0.01% of its portfolio in GNC Holdings Inc (NYSE:GNC). The Pennsylvania-based Vanguard Gp Inc has invested 0.01% in GNC Holdings Inc (NYSE:GNC). Lucus Advsrs Limited Liability last reported 0.28% of its portfolio in the stock. Manufacturers Life Ins The owns 46,628 shares or 0% of their US portfolio. Hutchin Hill Ltd Partnership holds 37,600 shares or 0.03% of its portfolio. Credit Suisse Ag last reported 0% of its portfolio in the stock. Tiaa Cref Mgmt Limited Liability holds 0.01% of its portfolio in GNC Holdings Inc (NYSE:GNC) for 799,160 shares. First Quadrant L P Ca holds 0.04% of its portfolio in GNC Holdings Inc (NYSE:GNC) for 80,200 shares.

More notable recent GNC Holdings Inc (NYSE:GNC) news were published by: Prnewswire.com which released: “GNC Holdings, Inc. Reports Third Quarter 2016 Results” on October 27, 2016, also Prnewswire.com with their article: “GNC Holdings, Inc. Announces Quarterly Dividend” published on October 21, 2016, Prnewswire.com published: “GNC Holdings, Inc. Third Quarter 2016 Earnings Release, Webcast and Conference …” on October 11, 2016. More interesting news about GNC Holdings Inc (NYSE:GNC) were released by: Nasdaq.com and their article: “Earnings Reaction History: GNC Holdings Inc, 50.0% Follow-Through Indicator, 8 …” published on October 27, 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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