Abercrombie & Fitch Company (ANF) Moves Higher on Volume Spike for March 06

Equities Staff  |

Abercrombie & Fitch Company (ANF) traded on unusually high volume on Mar. 06, as the stock gained 3.24% to close at $21.35. On the day, Abercrombie & Fitch Company saw 4.57 million shares trade hands on 27,187 trades. Considering that the stock averages only a daily volume of 2.53 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $23.53 and $8.81 over the last 52-weeks, its 50-day SMA is now $20.09, and its 200-day SMA $14.54. Abercrombie & Fitch Company has a P/B ratio of 1.25.

Abercrombie & Fitch Co is a retailer that sells apparel including knit and woven shirts, and graphic t-shirts under Abercrombie & Fitch, Abercrombie kids, and Hollister brands. It operates online stores as well as direct-to-consumer operations.

Headquartered in New Albany, OH, Abercrombie & Fitch Company has 43,000 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of Abercrombie & Fitch Company, check out Equities.com’s Stock Valuation Analysis report for ANF.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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