Winnebago, Duluth Holdings, Frontier Communications Stocks Moving Today

Three stocks making big moves on the charts today are Winnebago Industries, Inc., Duluth Holdings, and Frontier Communications Corp

Kirra Fedyszyn
Mar 22, 2017 at 2:33 PM
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With an upcoming vote on an Obamacare replacement in focus, stocks have been up and down today. Among specific equities in focus are RV maker Winnebago Industries, Inc. (NYSE:WGO), retail stock Duluth Holdings Inc (NASDAQ:DLTH), and telecom issue Frontier Communications Corp (NASDAQ:FTR). Here's a quick look at what's moving shares of WGO, DLTH, and FTR.

Winnebago Stock Booms on Earnings Beat

WGO is among the top gainers on the New York Stock Exchange (NYSE), up 4.7% at $29.10 after the company beat expectations for its fiscal second-quarter earnings. The brokerage bunch has yet to weigh in on these results, though heading into the session, four out of six tracking firms maintained tepid "hold" ratings on the shares. That skepticism is understandable, considering Winnebago Industries, Inc. remains in the red on a year-to-date basis. Short sellers haven't been impressed with the stock, either, as these bearish bets represent more than 10% of WGO's total float, or over two weeks' worth of trading, based on typical daily volumes.

DLTH Stock Surge Shocks Shorts

Better-than-predicted quarterly results and an upbeat outlook have shares of DLTH rallying, up 15% at $22.08, making the stock one of the top performers on the Nasdaq today. The gains have helped DLTH stock pare its year-to-date deficit to 13%, and have the shares on track to close above their 50-day moving average for the first time since December. That may not be what short sellers were hoping for, though. More than 22% of Duluth Holdings Inc's total float is dedicated to these bearish bets, which would take roughly eight sessions to buy back, at the stock's average pace of trading.

Downgrade Drops Frontier Communications to Record Low

Goldman Sachs took an axe to its outlook on FTR stock this morning, downgrading it to "sell" from "neutral," while slashing its price target by 50% to $1.50. In fact, the brokerage firm weighed in on the telecom sector as a whole, pointing to weaknesses in traditional wireline companies, due to "structural challenges carriers face as they compete with higher capacity networks." Frontier Communications Corp, which was booted from the S&P 500 Index (SPX) earlier this month, has sunk 15.3% to $2 -- and earlier hit an all-time low of $1.95, while landing on the short-sale restricted list. The stock has given up 61.6% year-over-year, and has underperformed the SPX by roughly 34 percentage points over the past two months.

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