GNC Holdings (GNC) Shares are Up 3.15%

GNC Holdings (GNC) has been under a strong bear grip, hence the stock is down -27.33% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.18% in the past 1 week. The stock has risen by 3.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -27.05% in the past 4 weeks.

GNC Holdings Inc. has dropped 20.21% during the last 3-month period . Year-to-Date the stock performance stands at -34.65%. The stock has recorded a 20-day Moving Average of 6.09% and the 50-Day Moving Average is 16%.


GNC Holdings (NYSE:GNC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.83 and $19.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.98, notching a gain of 0.76% for the day. The total traded volume was 1,022,538 . The stock had closed at $19.83 on the previous day.

Also, In a research note released to the investors, Wedbush downgrades its rating on GNC Holdings (NYSE:GNC).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 1, 2016.

GNC Holdings, Inc. (GNC) is a specialty retailer of health and wellness products, including vitamins minerals and herbal supplement products (VMHS), sports nutrition products and diet products. Its product mix is sold under its GNC brands, including Mega Men, Ultra Mega, Total Lean, Pro Performance and Pro Performance AMP and Beyond Raw, and under third-party brands. It operates in three segments: Retail, Franchise and Manufacturing/Wholesale. The Companys retail generates revenues from sales of products to customers at Company-owned stores in the United States, Canada and Puerto Rico and through its Websites, and Franchise consists of its domestic and international franchise operations and generates revenues from franchise activities through product sales to franchisees royalties on franchise retail sales and franchise fees. Manufacturing/Wholesale comprises manufacturing operations in South Carolina and its wholesale sales business.

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