Down Volume Spike: Pier 1 (PIR)

Posted in General 
June 19th, 2008

Pier 1 Imports inc. (NYSE: PIR) is seeing a flurry of trading to the downside after the company missed earnings estimates yet again.  How many times can one company disappoint?  Shares were down about 16% but now after 55 minutes of trading shares are down 19.8% at $5.00.  We have also already seen it surpass its average daily volume as more than 3.9 million shares have already traded hands at 10:25 AM EST.

Avg. Daily Volume:  2.25 million shares
52-week range:      $3.26 to $8.96
OPTIONS:            YES

Jon Ogg

June 19, 2008

Leave a Reply

You must be logged in to post a comment.

-->