L Brands (NYSE:LB) has been under a strong bear grip, hence the stock is down -0.47% 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 1.15% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.44% in the last 1 week, and is up 1.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -18.59% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $101.11 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $67.71 and the 200 Day Moving Average price is recorded at $80.76.
The stock has recorded a 20-day Moving Average of 2.36% and the 50-Day Moving Average is 0.82%.
L Brands (NYSE:LB): stock turned positive on Friday. Though the stock opened at $68.41, the bulls momentum made the stock top out at $69.84 level for the day. The stock recorded a low of $68.28 and closed the trading day at $69.18, in the green by 2.60%. The total traded volume for the day was 2,047,520. The stock had closed at $67.43 in the previous days trading.
In an insider trading activity, Tessler Allan R, director of L Brands, Inc., executed a transaction worth $237,720 on June 24, 2016. A total of 3,500 shares were purchased at an average price of $67.92. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.