Home / Consumer Goods / Select Comfort Corporation (SCSS) Loses 3.5% on April 21, Putting Pressure on Consumer Goods Sector

Select Comfort Corporation (SCSS) Loses 3.5% on April 21, Putting Pressure on Consumer Goods Sector

Select Comfort Corporation (SCSS) was one of the weakest stocks in the consumer goods sector of NYSE and NASDAQ listed companies on April 21, skidding 3.5% to close the day at $32.02 after closing the day prior at $33.18. Throughout the day, shares of SCSS traded as high as $33.12 and as low as $31.85. Today’s decline came with about 4.66 million shares changing hands, compared to an average 30-day volume of 1.17 million for Select Comfort Corporation. The price is currently below the 30-day volume weighted average price of $32.37 for SCSS.

The share depreciation gives the company a market capitalization of $1.39 billion based upon 41.8 million shares outstanding. It also means that SCSS has a price-to-book ratio of 6.75:1.

In the past 52 weeks, shares of SCSS have traded as low as $17.95 and as high as $33.29. Technical traders will take note that at $32.02, shares of SCSS are trading above their 200-day MA at $23.08 and above their 50-day MA at $24.05. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is SCSS?

Select Comfort Corp offer consumers with individualized sleep solutions and services, which include a complete line of SLEEP NUMBER beds and bedding accessories. The company’s 3768 employees are led by CEO Shelly R. Ibach from the corporate headquarters at 9800 59th Avenue North in Minneapolis, MN.

For more information on SCSS and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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