Shares of L Brands (LB) Rally 0.4%

L Brands (LB) : During the past 4 weeks, traders have been relatively bearish on L Brands (LB), hence the stock is down -2.53% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.07% 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 0.4% in the last 1 week, and is up 1.73% 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 2% and the 50-Day Moving Average is 2.5%.

L Brands (NYSE:LB): The stock opened at $69.99 on Friday but the bulls could not build on the opening and the stock topped out at $70.25 for the day. The stock traded down to $69.36 during the day, due to lack of any buying support eventually closed down at $69.46 with a loss of -0.57% for the day. The stock had closed at $69.86 on the previous day. The total traded volume was 1,226,808 shares.


The company Insiders own 16.45% of L Brands shares according to the proxy statements. Institutional Investors own 77.37% of L Brands shares. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of L Brands, Inc., Tessler Allan R had purchased shares worth of $237,720 in a transaction dated on June 24, 2016. A total of 3,500 shares were purchased at a price of $67.92 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

L Brands, Inc. operates specialty retail business. The Company is a specialty retailer of womens intimate and other apparel, beauty and personal care products and accessories. It operates in three segments: Victorias Secret, which includes Victorias Secret PINK, which is the specialty retailer of womens intimate and other apparel with fashion-inspired collections, prestige fragrances, celebrated supermodels and world-famous runway shows; Bath & Body Works, which is the specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers, and Victorias Secret and Bath & Body Works International, which includes the Victorias Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through its Websites and other channels.

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