Cherokee Inc (CHKE) Files Form 4 Insider Buying : Jess M Ravich Buys 13,130 Shares

Cherokee Inc (CHKE): Jess M Ravich , director of Cherokee Inc purchased 13,130 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $12.69 per share for a total value of $166,745.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 17, 2015, Jess M Ravich (director) purchased 17,877 shares at $15.20 per share price.On Jun 19, 2015, Howard B Siegel (President) sold 10,000 shares at $26.47 per share price.

Cherokee Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Cherokee Inc which led to swings in the share price. The shares opened for trading at $12.21 and hit $12.95 on the upside , eventually ending the session at $12.86, with a gain of 6.28% or 0.76 points. The heightened volatility saw the trading volume jump to 80,514 shares. The 52-week high of the share price is $29.72 and the company has a market cap of $112 M . The 52-week low of the share price is at $11.9.

Cherokee Inc Money Flow Index Chart

Cherokee Inc. is a marketer and manager of a portfolio of fashion and lifestyle brands it owns or represents and related trademarks and other brands in multiple consumer product categories and sectors. The Company is engaged in marketing and licensing of brand names and trademarks for apparel footwear and accessories. The Company owns several trademarks including Cherokee Liz Lange Completely Me by Liz Lange Hawk Tony Hawk Sideout Sideout Sport Carole Little Saint Tropez-West Chorus Line All That Jazz and others. In addition to licensing its own brands the Company assists other companies in identifying licensee or licensor for their brands or stores and partner with individuals to market and license their lifestyle brands. When representing brands the Company offers a range of services including marketing of brands solicitation of licensees contract negotiations and administration and maintenance of license or distribution agreements.

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