Finish Line, Down 18%, At Lowest Level Since August 2010

Finish Line Inc FINL shares are trading lower by $2.90 (18 percent) at $13.16 in Friday's session.

Even though sales came in $7.5 million above estimates, the company missed for EPS by $0.21. The company guided the Street much lower for FY 2017 EPS in the $1.12-$1.23 range vs. $1.46 estimates.

After a much lower open, Finish Line's stock managed a brief rally to $13.93 before continuing its move lower. So far, the ensuing decline took the stock to $12.63 and it has rebounded back into the $13.00 handle.

That marks the lowest level for the issue since it put in a pair of lows on August 25, 2010 at $12.68 and August 26, 2010 at $12.65.

Today's price action is taking place on much higher than average volume. With over five hours remaining in the session, 6 million shares have already traded compared to its 20-day average volume of 1.58 million.