Wet Seal Inc. Sinks, Then Resurfaces

Shares of Wet Seal Inc. went on a roller coaster ride Friday, tumbling 18% in early trading before rallying to move into plus territory for the day in heavy Nasdaq trading. The activity came a day after the Foothill Ranch operator of fashion stores for young women warned that second quarter earnings will be disappointing because of slower sales. The stock traded as low as $21.75 a share before bouncing back to close at $26.88, up 50 cents. Volume totaled 2.2 million shares, more than eight times the daily average over the last three months.