L Brands (LB) Shares are Up 0.97%

L Brands (LB) : Traders are bullish on L Brands (LB) as it has outperformed the S&P 500 by a wide margin of 5.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, 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 0.97% in the last 1 week, and is up 7.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

L Brands (NYSE:LB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.29 and $72.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.62, notching a gain of 2.49% for the day. The total traded volume was 2,046,605 . The stock had closed at $72.81 on the previous day.

The stock has recorded a 20-day Moving Average of 4.07% and the 50-Day Moving Average is 7.41%. L Brands, Inc. is up 8.17% in the last 3-month period. Year-to-Date the stock performance stands at -18.91%.

L Brands (LB) : 19 investment research analysts covering L Brands (LB) have an average price target of $69.26 for the near short term. The highest target price given by the Brokerage Firm to the stock is $88 and the lowest target is $47 for the short term. Analysts expect the variance to be within $10.44 of the average price.


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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