Stage Stores Inc (SSI) Files Form 4 Insider Buying : Michael L Glazer Buys 10,000 Shares

Stage Stores Inc (SSI): Michael L Glazer , CEO of Stage Stores Inc purchased 10,000 shares on May 23, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.85 per share for a total value of $48,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 11, 2016, Michael L Glazer (CEO) purchased 24,556 shares at $6.68 per share price.On Dec 7, 2015, Diane Marie Ellis (director) purchased 2,000 shares at $7.65 per share price.Also, On Nov 24, 2015, Ralph P Scozzafava (director) purchased 10,000 shares at $6.08 per share price.On Nov 24, 2015, Elaine D Crowley (director) purchased 10,000 shares at $6.84 per share price.

Stage Stores Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Stage Stores Inc which led to swings in the share price. The shares opened for trading at $4.6 and hit $5.43 on the upside , eventually ending the session at $5, with a gain of 10.86% or 0.49 points. The heightened volatility saw the trading volume jump to 27,96,785 shares. The 52-week high of the share price is $18.51 and the company has a market cap of $134 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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