Urban Outfitters (URBN) has risen sharply, recording gains of 12.76% in the past 4 weeks. However, the stock has corrected -0.03% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Urban Outfitters (NASDAQ:URBN): The stock opened at $29.22 on Friday but the bulls could not build on the opening and the stock topped out at $29.49 for the day. The stock traded down to $28.87 during the day, due to lack of any buying support eventually closed down at $29.16 with a loss of -0.55% for the day. The stock had closed at $29.32 on the previous day. The total traded volume was 1,443,767 shares.
The stock has recorded a 20-day Moving Average of 3.28% and the 50-Day Moving Average is 5.31%. Urban Outfitters Inc. has dropped 6.81% during the last 3-month period . Year-to-Date the stock performance stands at 28.18%.
Urban Outfitters, Inc. (Urban Outfitters) is a lifestyle retail company. The Company operates through two business segments: Retail and Wholesale. The Retail segment consists of the Companys Urban Outfitters, Anthropologie Group, Free People and Terrain brands, whose merchandise is sold directly to the Companys customers through retail stores, Websites, mobile applications, catalogs and customer contact centers. The Urban Outfitters targets young adults aged 18 to 28. The Anthropologie Group consists of the Anthropologie and Bhldn brands. Free People retail stores offer private label branded merchandise targeted to young contemporary women aged 25 to 30. Terrain brand is designed for women and men interested in a creative, outdoor living and gardening. The Wholesale segment consists of the Free People wholesale division that primarily designs, develops and markets young womens contemporary casual apparel.