Pier 1 Imports (PIR) : During the past 4 weeks, traders have been relatively bearish on Pier 1 Imports (PIR), hence the stock is down -5.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.1% relative to the S&P 500. The 4-week change in the price of the stock is -4.04% and the stock has fallen -7.05% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.6% and the 50-Day Moving Average is 8.96%. Pier 1 Imports (NYSE:PIR): On Fridays trading session , Opening price of the stock was $4.82 with an intraday high of $4.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.75. However, the stock managed to close at $4.75, a loss of 1.25% for the day. On the previous day, the stock had closed at $4.81. The total traded volume of the day was 993,957 shares.
The company Insiders own 5.58% of Pier 1 Imports shares according to the proxy statements. Institutional Investors own 99.06% of Pier 1 Imports shares. Also, Equity Analysts at the Wolfe Research upgrades the rating on Pier 1 Imports (NYSE:PIR). The brokerage firm has issued a Peer Perform rating on the shares. The shares were previously rated Underperform. The rating by the firm was issued on June 22, 2016.
Pier 1 Imports, Inc. is a global importer of home decor and furniture. The Companys operations consist of retail stores and an e-commerce Website conducting business under the name Pier 1 Imports, which sells a range of furniture, home furnishings, dining and kitchen goods, candles, gifts and other specialty items for the home. The Company operates approximately 984 stores in the United States, 81 stores in Canada and an e-commerce Website. Its stores in the United States and Canada average approximately 9,900 gross square feet, which includes an average of approximately 7,900 square feet of retail selling space. The stores are located in freestanding units near shopping centers or malls and in-line positions in shopping centers. It operates in all United States and Canadian metropolitan areas and in primary smaller markets. The Companys categories of merchandise include decorative accessories and furniture.