Conns (CONN) : During the past 4 weeks, traders have been relatively bearish on Conns (CONN), hence the stock is down -5.4% 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 -0.63% relative to the S&P 500. The 4-week change in the price of the stock is -4.42% and the stock has fallen -0.57% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 8.23%. Conns (NASDAQ:CONN): stock turned positive on Friday. Though the stock opened at $6.8, the bulls momentum made the stock top out at $6.94 level for the day. The stock recorded a low of $6.7 and closed the trading day at $6.92, in the green by 1.47%. The total traded volume for the day was 601,223. The stock had closed at $6.82 in the previous days trading.
The company Insiders own 3.6% of Conns shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 266.78% . Institutional Investors own 77.05% of Conns shares. During last six month period, the net percent change held by insiders has seen a change of 266.78%. Also, In the latest statement by the brokerage house, Piper Jaffray downgrades its outlook on Conns (NASDAQ:CONN). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Overweight. The rating by the firm was issued on June 3, 2016.
Conns, Inc. is a retailer that offers a selection of durable consumer goods and related services in addition to a credit solution for its primary credit constrained consumers. The Company operates business through its retail stores and Website. The Company operates through two segments: retail and credit. Its product offerings include furniture and mattresses, home appliances, consumer electronics and home office products. The Companys retail stores bear the Conns or Conns HomePlus name and deliver the same products and services to a common customer group. Its credit offering provides financing solutions to a population of credit constrained consumers who typically have limited banking options and have credit scores between 550 and 650.