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Stock Investors Sell Off Shares of Conn's, Down 2.0%

Published on Mon, 04/08/2013 - 12:23
By Mallory Stone

Conn's (NASDAQ:CONN) is a company whose shares are active, trading 2.0% lower to $42.83. The Dow is down 0.3% to 14,521 and the S&P is currently trading fractionally lower to 1,552.

Conn's (NASDAQ:CONN) is currently priced 12.3% above its average consensus analyst price target of $37.57. Conn's shares have support at the 50-day moving average (MA) of $33.07 and additional support at the 200-day MA of $25.93.

Over the past year, Conn's has traded in a range of $14.40 to $44.91 and is now at $42.83, 197% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 2.3% while the 50-day MA has advanced 3.6%.

Conn's, Inc. is a specialty retailer of home appliances and consumer electronics through stores in Texas and Louisiana, and via its website. Conn's also offers home office equipment, lawn and garden products, and other home products such as bedding.

By Mallory Stone
mstone@fnno.com

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