Cost Plus Plummets 15.6% After Hitting 52-Week High (CPWM)

Shares of Cost Plus, Inc. CPWM ended the day down 15.6% at $10.52 per share. The company's stock hit a 52-week high during the early Wednesday trading session but began plummeting before noon. Today's trading range for shares of Cost Plus, Inc was between $10.22 and a 52-week high of $12.88 per share. The consensus price target of analysts covering the company's stock is $13.00 per share. Volume of 1.3 million shares was far above the daily average volume of 268,000 shares. Cost Plus, Inc. (CPWM) operates 263 stores in 30 states under the names “World Market” and “Cost Plus World Market.” The company's stores feature a selection of casual home furnishings, housewares, gifts, jewelry, decorative accessories, over 500 international wines, gourmet foods and beverages offered at affordable prices and are imported from more than 50 countries. Read more from Benzinga's Company news.