Guess? Inc. (GES) Moves Lower on Volume Spike for August 30

Equities Staff  |

Guess? Inc. (GES) traded on unusually high volume on Aug. 30, as the stock lost 0.28% to close at $18.07. On the day, Guess? Inc. saw 3.99 million shares trade hands on 31,036 trades. Considering that the stock averages only a daily volume of 1.98 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 $26.95 and $13.34 over the last 52-weeks, its 50-day SMA is now $15.77, and its 200-day SMA $18.61. Guess? Inc. has a P/B ratio of 2.37. It also has a P/E ratio of 93.3.

Guess designs, markets, distributes, and licenses contemporary apparel and accessories that reflect European fashion sensibilities under brands including Guess, Marciano, and G by Guess. Apparel is sold both through wholesale accounts and retail storefronts with nearly 1,700 stores (as of the third quarter of fiscal 2019) and concessions, operated directly and through licensees. The company has a global presence, with about 40% of revenue generated in the Americas.

Headquartered in Los Angeles, CA, Guess? Inc. has 15,700 employees and is currently under the leadership of CEO Carlos Alberini.

For a complete fundamental analysis analysis of Guess? Inc., check out Equities.com’s Stock Valuation Analysis report for GES.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

To get more information on Guess? Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: GES’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments