Columbia Sportswear Company (COLM) Shares are Up 4.29%

Columbia Sportswear Company (COLM) has been under a strong bear grip, hence the stock is down -5.51% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.33% in the past 1 week. The stock has risen by 4.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.15% in the past 4 weeks.

Columbia Sportswear Company is up 8.28% in the last 3-month period. Year-to-Date the stock performance stands at 18.6%. The stock has recorded a 20-day Moving Average of 1.71% and the 50-Day Moving Average is 0.43%.


Columbia Sportswear Company (NASDAQ:COLM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.68 and $56.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.31, notching a gain of 1.13% for the day. The total traded volume was 188,254 . The stock had closed at $56.67 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Columbia Sportswear Company (NASDAQ:COLM). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $68 per share from a prior target of $69. The rating by the firm was issued on July 29, 2016.

Columbia Sportswear Company is a hat distributor. The Company designs, sources, markets and distributes outdoor and active lifestyle apparel, footwear, accessories and equipment under the Columbia, Mountain Hardwear, Sorel, prAna and Montrail brands. It offers products, including outerwear, sportswear, footwear, accessories and equipment for a variety of activities and consumers. Its other brands include Montrail brand, OutDry brand and Pacific Trail brand. It develops and manages its merchandise in two categories: apparel, accessories and equipment, and footwear. Its apparel, accessories and equipment are designed to use in a variety of outdoor activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports and adventure travel. Its footwear products include durable, lightweight hiking boots, trail running shoes, rugged cold weather boots and casual shoes. It operates in North America, Europe, Japan, Korea and China.

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