Shares of Pier 1 Imports (PIR) Drops by -3.51%

Pier 1 Imports (PIR) : During the past 4 weeks, traders have been relatively bearish on Pier 1 Imports (PIR), hence the stock is down -13.77% 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 -4.93% relative to the S&P 500. The 4-week change in the price of the stock is -10% and the stock has fallen -3.51% in the past 1 week. The stock has recorded a 20-day Moving Average of 8.26% and the 50-Day Moving Average is 10.91%.

Pier 1 Imports (NYSE:PIR): The stock opened at $5.27 on Friday but the bulls could not build on the opening and the stock topped out at $5.27 for the day. The stock traded down to $4.90 during the day, due to lack of any buying support eventually closed down at $4.95 with a loss of -5.35% for the day. The stock had closed at $5.23 on the previous day. The total traded volume was 3,552,412 shares.


The company Insiders own 5.58% of Pier 1 Imports shares according to the proxy statements. Institutional Investors own 87.38% of Pier 1 Imports shares. In a related news, Humenesky Gregory, officer (Exec Vice Pres/Human Resources) of Pier 1 Imports Inc/De, unloaded 20,000 shares at an average price of $13.32 on April 16, 2015. The total amount of the transaction was worth $266,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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