Select Comfort Stock Has a Lot to Prove on Monday

Select Comfort Stock Has a Lot to Prove on Monday

The air is getting choppy for the top dog in air-chambered mattresses. Select Comfort (NASDAQ: SCSS) reports fresh quarterly results shortly after Monday's close, and there's a lot riding on the report. 

Select Comfort stock has been volatile lately. The shares surged late last month after Dealreporter speculated that Tempur Sealy International (NYSE: TPX) was pursuing a buyout of Select Comfort. The stock would go on to give back all of those gains a week later when analysts talked down a potential pairing. Monday afternoon will be Select Comfort's first opportunity to address the buyout chatter. 

Another big reason a lot is riding on the second-quarter performance is that the stock surged 28% the day after it posted blowout first-quarter results three months ago. Select Comfort tends to move on earnings, so Monday's numbers leading into Tuesday's price action could get bumpy.

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Source: Fool.com