Ascena Retail Group (ASNA) : Traders are bullish on Ascena Retail Group (ASNA) as it has outperformed the S&P 500 by a wide margin of 0.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.25%, 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 1.3% in the last 1 week, and is up 1.97% 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 0.23% and the 50-Day Moving Average is 4.78%. Ascena Retail Group (NASDAQ:ASNA): stock turned positive on Friday. Though the stock opened at $7.57, the bulls momentum made the stock top out at $7.78 level for the day. The stock recorded a low of $7.51 and closed the trading day at $7.77, in the green by 2.64%. The total traded volume for the day was 1,481,501. The stock had closed at $7.57 in the previous days trading.
The company Insiders own 7.8% of Ascena Retail Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.82% . Institutional Investors own 93.02% of Ascena Retail Group shares. During last six month period, the net percent change held by insiders has seen a change of 57.44%.
Ascena Retail Group, Inc. is a specialty retailer, which offers clothing, shoes and accessories for missy and plus-size women. The Company offers its products under the Ann Taylor, LOFT, Lane Bryant, maurices, dressbarn, Catherines and Justice brands. It operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment consists of specialty retail, outlet and e-commerce operations of Ann Taylor and LOFT brands. The Justice merchandise mix includes apparel, accessories, footwear, intimates and lifestyle products. The Lane Bryant segment offers apparel, including intimate apparel, wear-to-work and casual sportswear, accessories, select footwear and social occasion apparel. The maurices brand caters customers in ages between over 20 and 30, including core and plus-size offerings. The dressbarn brand caters female consumers in ages between approximately 30 and 50. Catherines offers apparel and accessories for wear-to-work and casual lifestyles.