Iconix Brand Group Inc. (ICON) Drops 23.49% on December 28

Equities Staff |

Iconix Brand Group Inc. (ICON) was one of the Russell 2000's biggest losers for Monday December 28 as the stock slid 23.49% to $5.70, a loss of $-1.75 per share. Starting at an opening price of $6.46 a share, the stock traded between $5.34 and $6.59 over the course of the trading day. Volume was 10.95 million shares over 45,359 trades, against an average daily volume of 2 million shares and a total float of 48.39 million.

The losses send Iconix Brand Group Inc. down to a market cap of $275.84 million. In the last year, Iconix Brand Group Inc. has traded between $37.29 and $5.79, and its 50-day SMA is currently $9.65 and 200-day SMA is $19.73.

The stock has a P/E Ratio of 4.

Iconix Brand Group Inc is a brand management company. It is engaged in licensing, marketing and providing trend direction for a portfolio of consumer brands.

Iconix Brand Group Inc. is based out of New York, NY and has some 150 employees. Its CEO is F. Peter Cuneo.

For a complete fundamental analysis analysis of Iconix Brand Group Inc., check out Equities.com’s Stock Valuation Analysis report for ICON. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

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