Aarons (AAN) : Traders are bullish on Aarons (AAN) as it has outperformed the S&P 500 by a wide margin of 3.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.44%, 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 5.37% in the last 1 week, and is up 7.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.12% and the 50-Day Moving Average is 2.72%. Aarons, Inc. has dropped 8.62% during the last 3-month period . Year-to-Date the stock performance stands at 6.97%.
Aarons (NYSE:AAN): stock turned positive on Friday. Though the stock opened at $21.87, the bulls momentum made the stock top out at $24.32 level for the day. The stock recorded a low of $21.5 and closed the trading day at $23.95, in the green by 9.11%. The total traded volume for the day was 2,127,704. The stock had closed at $21.95 in the previous days trading.
Also, Topeka Capital initiates coverage on Aarons (NYSE:AAN). Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 24, 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.