American Eagle (NYSE:AEO) Stock Up with Bullish Movement of 10%- AEO, ANF, GPS, ARO, WMT, BBY, NKE

  on May 22,2012 Posted in Business News
 
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American Eagle Outfitters (NYSE:AEO) stock surged 10% in trading on Monday following the firm reported that it would get out of the kids apparel business.

The Pittsburgh-based corporation’s stock (NYSE: AEO) was increased $1.80 to $20.20 about 1 p.m. following Friday’s 77kids declaration and a separate announcement that CFO Joan Hilson would leave American Eagle by the end of July.

American Eagle had gone as high as $20.45 previous in the day, close to its 52-week high of $21.13 a share. Volume was also burly at 8.87 million shares traded, over its average of 5.79 million.

Sector analysis, over all services sector moved up, Abercrombie & Fitch Co. (NYSE:ANF) rose +1.81%, The Gap Inc. (NYSE:GPS) grew +3.11%, Aeropostale, Inc. (NYSE:ARO) moved up +1.03%, Wal-Mart Stores, Inc. (NYSE:WMT) edged up +0.98%, Best Buy Co., Inc. (NYSE:BBY) which also increased +0.83% and NIKE, Inc. (NYSE:NKE) surged +1.70%.

American Eagle Outfitters (NYSE:AEO) surged 10.49% or +$1.93 to close the trading at $20.33 following it hit intra day high level of $20.45. The total traded volume in the previous trading session was 12.47 million shares as compared to average 5.79 million shares. Its fifty two week trading range was $10.00 – $21.13. The total market capitalization reached $3.98 billion.

The stock price was ahead its 52 week low price with 108.31% and it lagged behind -3.79% from its 52 week maximum mark. Stock price volatility for last month remained 3.53%. In its share capital, the company has 195.84 million outstanding shares out of which 177.40 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.78%.

AEO presented an optimistic weekly performance of 4.90% with respect to its rate of return and it remained 15.84% for the month. However, the performance for a quarter experienced a positive change of 43.67% and it surged 55.31% for a year and its year to date performance remained in green with 33.84%.

Current stock price is in the upbeat territory taking into account of 20 days moving average with 6.89% and continued bullish run for 50 days moving average with +14.28%. Its earning per share for the past twelve months was $0.77. Company’s beta coefficient was at 1.03. Beta measures the amount of market risk associated with market trade.

 



 

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