American Eagle Outfitters (AEO) : Traders are bullish on American Eagle Outfitters (AEO) as it has outperformed the S&P 500 by a wide margin of 8.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.78%, 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 5.33% in the last 1 week, and is up 12.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.38% and the 50-Day Moving Average is 11.37%.
American Eagle Outfitters (NYSE:AEO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.88 and $16.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.00, notching a gain of 1.43% for the day. The total traded volume was 4,687,959 . The stock had closed at $16.76 on the previous day.
The company Insiders own 5.8% of American Eagle Outfitters shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -55.46% . Institutional Investors own 98.35% of American Eagle Outfitters shares. During last six month period, the net percent change held by insiders has seen a change of -55.46%. In a related news, Kessler Charles F, officer (Global Brand President-AE) of American Eagle Outfitters Inc, unloaded 4,784 shares at an average price of $15.85 on May 23, 2016. The total amount of the transaction was worth $75,826, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
American Eagle Outfitters, Inc. is an apparel and accessories retailer. The Company offers clothing, accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims, pants, shorts, sweaters, fleece, outerwear, graphic t-shirts, footwear and accessories. The aerie brand is a collection of intimates and personal care products for women, such as bras and undies at the core, and offerings in sleep, swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1,000 retail stores in the United States and internationally, 955 American Eagle Outfitters stores, 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.