Pacific Sunwear (PSUN) skies 40% AH after announcing a deal with its landlords to close 175-200 underperforming stores and new financing from its lenders. For good measure, the company also announced a Q3 loss of ($0.10), beating by $0.04 on revenue of $242M ($233M expected). .Shares of the company, that have shed more than 76 percent of their value since the beginning of this year, closed at $1.35 on Wednesday on Nasdaq.
Pacific Sunwear of California, Inc. (PacSun) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. Shares of PSUN traded higher by 3.05% or $0.04/share to $1.35.
Technical side stock has some resistance area is $2-$2.17 and support level is $1.35.
Pacific Sunwear of California, Inc. (PacSun) is a specialty retailer rooted in the action sports, fashion and music influences of the California lifestyle. Shares of PSUN traded higher by 3.05% or $0.04/share to $1.35.
Technical side stock has some resistance area is $2-$2.17 and support level is $1.35.
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