Aarons (AAN) Shares are Up 1.78%

Aarons (AAN) : Traders are bullish on Aarons (AAN) as it has outperformed the S&P 500 by a wide margin of 10.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.81%, 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 1.78% in the last 1 week, and is up 10.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Aarons, Inc. is up 6.55% in the last 3-month period. Year-to-Date the stock performance stands at 12.64%. The stock has recorded a 20-day Moving Average of 4.75% and the 50-Day Moving Average is 8.25%.


Aarons (NYSE:AAN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.17 and $25.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.22, notching a gain of 0.04% for the day. The total traded volume was 629,381 . The stock had closed at $25.21 on the previous day.

Also, SunTrust Robinson Humphrey maintains its rating on Aarons (NYSE:AAN). The global brokerage major lowers the current price target from $30 per share to $27.5 per share. Analysts at the SunTrust Robinson Humphrey have a current rating of Neutral on the shares. The rating by the firm was issued on August 1, 2016.

Aarons, Inc. (Aarons) is a specialty retailer of furniture, consumer electronics, computers, appliances and household accessories. The Company operates through five segments: The Aarons Sales and Lease Ownership segment, which offers furniture, electronics, appliances and computers to consumers on a monthly payment basis; Progressive, which is a virtual lease-to-own company that provides lease-purchase solutions; The HomeSmart segment, which offers furniture, electronics, appliances and computers to consumers on a weekly payment basis; Franchise, which awards franchises and supports franchisees of its sales and lease ownership concept, and Manufacturing segment, which manufactures upholstered furniture and bedding for use by Company-operated and franchised stores. Its products include flat-screen televisions, computers, tablets, living room, dining room and bedroom furniture, among others. Its brands include Samsung, Frigidaire, Hewlett-Packard, LG, Maytag, RCA and JVC.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *