Stage Stores Inc (SSI) Files Form 4 Insider Buying : Russ Ii Lundy Buys 6,000 Shares

Stage Stores Inc (SSI): Russ Ii Lundy , EVP, Chief Stores Officer of Stage Stores Inc purchased 6,000 shares on May 25, 2016. The Insider buying transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.25 per share for a total value of $31,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Richard E Stasyszen (SVP, Finance and Controller) purchased 5,000 shares at $5.10 per share price.On May 23, 2016, Earl J Hesterberg (director) purchased 15,000 shares at $4.78 per share price.Also, On May 23, 2016, Stephen B Parsons (EVP, Chief HR Officer) purchased 4,000 shares at $4.91 per share price.On May 23, 2016, Michael L Glazer (CEO) purchased 10,000 shares at $4.85 per share price.

Stage Stores Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in Stage Stores Inc which led to swings in the share price. The shares opened for trading at $5.27 and hit $5.48 on the upside , eventually ending the session at $5.36, with a gain of 1.52% or 0.08 points. The heightened volatility saw the trading volume jump to 8,12,014 shares. The 52-week high of the share price is $18.51 and the company has a market cap of $144 M . The 52-week low of the share price is at $4.44.

Stage Stores Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Stage Stores Inc is Reiterated by Telsey Advisory Group to Market Perform while Lowering the Price Target of the company shares to $ 5.25 from a previous price target of $7.50 . The Rating was issued on May 20, 2016.

Stage Stores Inc. (Stage Stores) operates primarily in small and mid-sized towns and communities. Its stores which operate under the Bealls Goody’s Palais Royal Peebles and Stage names offer moderately priced nationally recognized brand name apparel accessories cosmetics and footwear for the entire family. The Company operates approximately 850 stores in 40 states.

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