Guess? (GES) : Traders are bullish on Guess? (GES) as it has outperformed the S&P 500 by a wide margin of 9.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.59%, 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 4.55% in the last 1 week, and is up 10.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Guess, Inc. has dropped 2.2% during the last 3-month period . Year-to-Date the stock performance stands at -13.85%. The stock has recorded a 20-day Moving Average of 7.91% and the 50-Day Moving Average is 6.18%.
Guess? (NYSE:GES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.47 and $15.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.84, notching a gain of 2.52% for the day. The total traded volume was 913,664 . The stock had closed at $15.45 on the previous day.
Also, Equity analysts at the Brokerage firm PiperJaffray downgrades its rating on Guess? (NYSE:GES). The rating major has initiated the coverage with underweight rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 19, 2016.
Guess?, Inc. (GUESS?) designs, markets, distributes and licenses a collection of apparel and accessories for men, women and children. GUESS? operates through five segments: North American Retail, Europe, Asia, North American Wholesale and Licensing. The North American Retail segment includes the Companys retail and e-commerce operations in North America, and its retail operations in Central and South America. The Europe segment includes its wholesale, retail and e-commerce operations in Europe and the Middle East. The Asia segment includes its wholesale, retail and e-commerce operations in Asia. The North American Wholesale segment includes its wholesale operations in North America, and Central and South America. The Licensing segment includes the Companys licensing operations around the world. The Companys apparel is marketed under various trademarks, including GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, MARCIANO, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO and Gc.