L Brands (LB) has been under a strong bear grip, hence the stock is down -0.52% 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 2.54% 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 3.17% in the last 1 week, and is up 6.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
L Brands (NYSE:LB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.47 and $70.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.66, notching a gain of 1.24% for the day. The total traded volume was 1,905,953 . The stock had closed at $70.78 on the previous day.
The stock has recorded a 20-day Moving Average of 4.39% and the 50-Day Moving Average is 5.89%. L Brands, Inc. has dropped 5.82% during the last 3-month period . Year-to-Date the stock performance stands at -22.12%.
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.