November 08, 2012 at 14:56 PM EST
Advance Auto Parts Up On Sale Rumor, Q4 Weakness Seen
Advance Auto Parts (AAP) continued to hover well over its 50-day moving average on reports it is looking to sell the company despite officially announcing a drop in Q3 earnings Thursday. The auto parts retailer affirmed earnings today that it pre-announced Oct. 22, stating that its Q3 EPS fell 14% to $1.21 and sales fell 0.5% to $1.46 billion. The stock fell when those results were first announced, but shares surged 14% on Nov. 1 amid unconfirmed
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