L Brands (LB) Shares are Down -1.29%

L Brands (LB) has risen sharply, recording gains of 6.05% in the past 4 weeks. However, the stock has corrected -1.29% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.96% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.48% and the 50-Day Moving Average is 5.07%. L Brands (NYSE:LB): On Fridays trading session , Opening price of the stock was $73.88 with an intraday high of $74.48. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $73.32. However, the stock managed to close at $73.66, a loss of 0.19% for the day. On the previous day, the stock had closed at $73.8. The total traded volume of the day was 1,165,050 shares.


The company Insiders own 16.45% of L Brands shares according to the proxy statements. Institutional Investors own 73.1% of L Brands shares. Also, Equity Analysts at the Citigroup maintains the rating on L Brands (NYSE:LB). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $70 per share to $72 per share. The rating by the firm was issued on August 8, 2016.

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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