GOOS, VMW, ZUMZ Stocks In The News Today

Three stocks making notable moves this morning are GOOS, VMW, and ZUMZ

by Patrick Martin

Published on Jun 2, 2017 at 10:22 AM

U.S. stocks are slightly higher today, despite weaker-than-expected jobs data. Among specific stocks in focus today are high-end retailer Canada Goose Holdings (NYSE:GOOS), information technology company VMware, Inc. (NYSE: VMW), and footwear name Zumiez Inc. (NASDAQ: ZUMZ). Here's a quick look at what's moving shares of GOOS, VMW, and ZUMZ. 

GOOS Stock Soars After Better-Than-Expected Earnings

Canada Goose Holdings reported a smaller-than-expected loss in its first quarterly release as a publicly traded company. As a result, the stock is up 9.1% at $20.42, and fresh off an all-time high of $21. The shares have been flying high since their IPO in late March, tacking on 16% year to date. Wall Street was bullish toward GOOS stock heading into earnings: short interest has dropped almost 32% since the last reporting period, and five of nine analysts maintain "buy" or better ratings.

VMW Stock Dips After Earnings

VMware reported stronger-than-expected earnings and revenue, though the shares were last seen lower as traders pan smaller profit margins. VMW stock is down 3% at $94.22, after touching a two-year high of $98 yesterday. However, the shares are finding support at their 40-day moving average, which has acted as a launching pad for VMware stock of late. Analysts expect a rebound, too, with no fewer than eight brokerage firms giving the stock a price-target raise. However, roughly half of analysts still maintain a "hold" rating, and short interest represents nearly four weeks' worth of pent-up buying demand. 

ZUMZ Stock Drops After Ugly Guidance

Zumiez stock is reeling after the company surprised Wall Street with predictions of a current-quarter loss. The stock is down 9.7% at $13.05, just off an annual low of $12.95. ZUMZ is on the short-sale restricted list today, but there are likely plenty of bears cheering. Over one-fifth of the stock's float is sold short, and it would take roughly nine days to buy back all of ZUMZ's shorted shares, at the equity's average daily trading volume. 

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