CENT Declines 23% From 52-Week High: Will the Stock Rebound?

Central Garden & Pet Company (CENT) faced challenges over the last six months, in turn, experiencing a stock price decline of 13.1%. This stands in contrast with the broader industry and the S&P 500 index's rise of 14.2% and 3.6%, respectively. Image Source: Zacks Investment Research Closing at $36.65 yesterday, the stock moved down 22.7$47.48 attained on May 15, 2024. Also, the stock has fallen below critical technical thresholds, including its 50-day and 200-day moving averages. ...