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Pacific Sunwear Shares Fell 14% After It Said It Expects Wider Loss (PSUN)

Written on Fri, 03/12/2010 - 4:42pm
By Chip Brian

3/12/2010- Pacific Sunwear of California (NASDAQ:PSUN) shares fell 14% to $4.94 after the company said it expects a wider loss due to a 17% drop in sales.
A FBR Capital Markets analysts downgraded the stock to "market perform" from "outperform."
Analyst Adrienne Tennant said that stores continue to show weak results, as clearance levels are high and markdowns are deep.

Keywords: pacific sunwear finance stock market Business News smartrend

Ticker(s): PSUN

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