Skullcandy (SKUL) In Focus: Stock Adds 5.6% In Session

 | Jun 28, 2016 08:00AM ET

Skullcandy, Inc. (NASDAQ:SKUL) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The company received a second acquisition offer after the Incipio offer the previous week. This resulted in solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company since Jun 22, as the stock is now up over 36%.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Skullcandy currently carries a Zacks Rank #4 (Sell), while its SKULLCANDY INC Quote

A better-ranked stock in the same industry is Dolby Laboratories, Inc. (NYSE:DLB) , sporting a Zacks Rank #1 (Strong Buy).

Is SKUL going up? Or down? Predict to see what others think:Down

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Written By: Zacks Investment Research

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