Stock Investors Sell Off Shares of PEP Boys, Down 1.6%

Published on Tue, 05/12/2015 - 13:44
By Mallory Stone in Market movers, PBY, market movers, nyse:pby, pep boys

PEP Boys (NYSE:PBY) is one of today's biggest movers, down 1.6% to $9.15. The S&P is trading fractionally lower to 2,102 and the Dow is trading fractionally lower to 18,093.

The Pep Boys - Manny, Moe & Jack retails automotive parts and accessories, provides automotive maintenance and service, and installs parts. The Company operates PEP BOYS stores in the United States and Puerto Rico.

PEP Boys (NYSE:PBY) has potential upside of 63.9% based on a current price of $9.15 and analysts' consensus price target of $15.00. The stock should find initial resistance at its 50-day moving average (MA) of $9.31 and further resistance at its 200-day MA of $9.53.

In the past 52 weeks, PEP Boys share prices have been bracketed by a low of $8.00 and a high of $11.66 and are now at $9.15, 14% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.3%.

By Mallory Stone
mstone@fnno.com

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