Iconix Brand Group (ICON) Shares are Up 10.27%

Iconix Brand Group (ICON) : Traders are bullish on Iconix Brand Group (ICON) as it has outperformed the S&P 500 by a wide margin of 15.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.27% in the last 1 week, and is up 16.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 12.56% and the 50-Day Moving Average is 11.88%. Iconix Brand Group (NASDAQ:ICON): stock turned positive on Friday. Though the stock opened at $8.03, the bulls momentum made the stock top out at $8.165 level for the day. The stock recorded a low of $7.94 and closed the trading day at $8.05, in the green by 0.63%. The total traded volume for the day was 541,057. The stock had closed at $8 in the previous days trading.


The company Insiders own 1.2% of Iconix Brand Group shares according to the proxy statements. Institutional Investors own 80.32% of Iconix Brand Group shares. During last six month period, the net percent change held by insiders has seen a change of 4.21%.

Iconix Brand Group, Inc. is a brand management company and owner of a diversified portfolio of 35 global consumer brands across womens, mens, entertainment and home. The Companys brand portfolio includes Candies, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific (OP), Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Sharper Image, Umbro, Lee Cooper, Ecko Unltd., Marc Ecko and Strawberry Shortcake. The Company also has interest in Artful Dodger, Material Girl, Peanuts, Ed Hardy, Truth or Dare, Billionaire Boys Club, Ice Cream, Modern Amusement, Buffalo, Nick Graham, Pony and Hydraulic brands. The Company licenses its brands with respect to a range of products, including apparel, footwear, fashion accessories, sportswear, home products and decor, and beauty and fragrance, and in the case of its Sharper Image brand, consumer electronics and novelty products.

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