Dick's Sporting Goods (NYSE:DKS) is plunging 25.3% to trade at $134.03, after the sporting-goods retailer’s fiscal second-quarter earnings and revenue fell short of Wall Street’s targets. The company also slashed its full-year guidance, with adjusted per-share earnings now expected in a range of between $21.9 billion and $22.2 billion from a previous range of $22.1 billion and $22.4 billion.
Today's move has DKS trading at over two-year lows, on track for its on track for its worst single-session percentage loss on record and its tenth loss in the last 11 sessions. Year-to-date, shares have depleted 32.6%.
Unsurprisingly, the stock's Relative Strength Index (RSI) of 19 sits deep within "oversold" territory. Meanwhile, the 7.48 million shares sold short represent 11.88% of the stock's available float, or roughly six days' worth of pent-up buying power.
Dick's Schaeffer's Volatility Scorecard (SVS) of 2 out of 100 makes the stock a compelling premium-selling candidate.
