Ascena Retail Group (ASNA) : Traders are bullish on Ascena Retail Group (ASNA) as it has outperformed the S&P 500 by a wide margin of 11.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 15.22%, 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 15.19% in the last 1 week, and is up 11.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Ascena Retail Group Inc. is up 23.79% in the last 3-month period. Year-to-Date the stock performance stands at -9.14%. The stock has recorded a 20-day Moving Average of 13.18% and the 50-Day Moving Average is 19.03%.
Ascena Retail Group (NASDAQ:ASNA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.76 and $8.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.95, notching a gain of 2.05% for the day. The total traded volume was 2,280,893 . The stock had closed at $8.77 on the previous day.
Ascena Retail Group, Inc. is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment consists of specialty retail, outlet and e-commerce operations of Ann Taylor and LOFT brands. The Justice merchandise mix includes apparel, accessories, footwear, intimates and lifestyle products. The Lane Bryant segment offers apparel, including intimate apparel, wear-to-work and casual sportswear, accessories, select footwear and social occasion apparel. The maurices brand caters customers in ages between over 20 and 30, including core and plus-size offerings. The dressbarn brand caters female consumers in ages between approximately 30 and 50. Catherines offers apparel and accessories for wear-to-work and casual lifestyles.