Coldwater Creek Inc. (NASDAQ:CWTR) seems to be on its way down again. Yesterday, the stock soared 
approximately 42% on its price, and its volume exceeded 5 million shares. However, today the high trade was broken with no reasonable explanation.
Following the records, we can see that the recent price jump happened after Coldwater announced its improved financial results for the second quarter of this year. According to the report, the company has increased its revenue and gross profit, though it has incurred a net loss of approximately $5 million. This year, Coldwater opened five new premium retail stores, however, its cash decreased and the expenses totaled $169 million.
Though the losses, the company expects to gain future profit and projects earnings per share in the range of $0.01 to $0.04 for the third quarter of this year. Yesterday, Coldwater Creek was to host a conference call on its financial results, however there’s no further news on this issue yet.
Coldwater Creek Inc. is a national specialty retailer of women apparel, accessories, jewelry and gift items sold under the Coldwater Creek brand. Historically, the company used to trade about 50% higher, though since April, this year, the stock entered a downtrend. After the high trade yesterday, it is falling down again, so the only question now is what’s the next move of CWTR? It’s just up to be seen.
