Express (NYSE:EXPR) has tumbled 0.83% during the past week and has dropped 11.34% in the last 4 week period. The company has outperformed the S&P 500 by 0.36% in the past week but underperformed the index by 12.15% in the last 4 weeks.
Express (NYSE:EXPR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.30 and $14.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.31, notching a gain of 0.56% for the day. The total traded volume was 2,199,909 . The stock had closed at $14.23 on the previous day.
The company shares have dropped -22.77% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $21.57 and the one year low was seen on May 25, 2016. The 50-Day Moving Average price is $15.75 and the 200 Day Moving Average price is recorded at $17.54.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Rafferty John J, officer (EVP – Planning and Allocation) of Express, Inc., had unloaded 10,000 shares at an average price of $20 in a transaction dated on April 13, 2016. The total value of the transaction was worth $200,000.
Many analysts have stated their opinion on the company shares. Deutsche Bank initiates coverage on Express (NYSE:EXPR). In the latest research report, Deutsche Bank announces the target price to $25 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 26, 2016. Currently the company Insiders own 6.2% of Express shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.56% . During last six month period, the net percent change held by insiders has seen a change of -4.21%.
Express, Inc. is a specialty apparel and accessories retailer offering both womens and mens merchandise, targeting the 20 to 30 year old customer. The Company offers an assortment of fashionable apparel and accessories to address fashion needs across multiple aspects of lifestyles, including work, casual, jeans wear and going-out occasions. The Company operates one segment, which includes the operation of its brick-and-mortar retail and outlet stores, e-commerce operations and franchise operations. The Company sells its products through its e-commerce Website, www.express.com, and has franchise agreements with franchisees that operate Express locations in Latin America, the Middle East and South Africa. The Company operates approximately 641 stores across the United States, in Canada and in Puerto Rico, including 41 factory outlet stores.