Warner Music Group Corp.’s (WMG) MACD indicator has moved into bearish territory with a reading of -0.0460. The Zacks #5 Rank (“Strong Sell”) stock declined slightly to $5.27 in morning trade. The Zacks Consensus Estimate for the fiscal year ending Sep 2010 is currently pegged at a loss of 59 cents per share, which has worsened by 12 cents over the past week.
“WMG” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research