Pacific Sunwear of California Inc. (PSUN) Drops 6.73% on December 23

Equities Staff |

Pacific Sunwear of California Inc. (PSUN) was one of the Russell 2000's biggest losers for Wednesday December 23 as the stock slid 6.73% to $0.25, a loss of $-0.0181 per share. Starting at an opening price of $0.26 a share, the stock traded between $0.23 and $0.27 over the course of the trading day. Volume was 313,956 shares over 423 trades, against an average daily volume of 482,938 shares and a total float of 70.12 million.

The losses send Pacific Sunwear of California Inc. down to a market cap of $17.59 million. In the last year, Pacific Sunwear of California Inc. has traded between $3.05 and $0.22, and its 50-day SMA is currently $0.29 and 200-day SMA is $1.10.

Pacific Sunwear, is a specialty retailer rooted in the action sports, fashion and music influences of California. It sells a combination of branded and proprietary casual apparel, accessories and footwear designed to appeal to teens and young adults.

Pacific Sunwear of California Inc. is based out of Anaheim, CA and has some 8,777 employees. Its CEO is Gary H. Schoenfeld.

For a complete fundamental analysis analysis of Pacific Sunwear of California Inc., check out Equities.com’s Stock Valuation Analysis report for PSUN. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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