Ralph Lauren Corporation (NYSE:RL) encountered a rise of 3.9% or 245,412 shares in the short positions. The number escalated from 6,321,166 on May 31,2016 to 6,566,578 on June 15,2016. The final interest is 11.7% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 2,156,302 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Ralph Lauren Corporation (NYSE:RL): The stock opened at $92.86 on Friday but the bulls could not build on the opening and the stock topped out at $93.88 for the day. The stock traded down to $89.27 during the day, due to lack of any buying support eventually closed down at $89.60 with a loss of -7.87% for the day. The stock had closed at $97.25 on the previous day. The total traded volume was 2,758,064 shares.
The company shares have dropped -33.05% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $137.38 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $92.67 and the 200 Day Moving Average price is recorded at $97.87.
Ralph Lauren Corporation (NYSE:RL) has tumbled 6.33% during the past week and has dropped 4.75% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.77%. Ralph Lauren Corporation (NYSE:RL) has underperformed the index by 1.87% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates in three segments: Wholesale, Retail and Licensing. Wholesale business, representing approximately 46% of net revenues as of fiscal year ended March 28, 2015 (Fiscal 2015), consists of sales made to department stores and specialty stores around the world. Retail business consists of sales made directly to consumers through retail channel, which includes Companys retail stores, concession-based shop-within-shops and e-commerce operations around the world. Licensing business consists of royalty-based arrangements, under which the Company license to unrelated third parties for specified periods the right to operate retail stores and/or to use its various trademarks in connection with the manufacture and sale of designated products, such as certain apparel, eyewear and fragrances.