Iconix Brand Group Inc (Nasdaq:ICON) Rise 26.14%

ICON
ICON

Iconix Brand Group Inc (Nasdaq:ICON)

April 16th, 2019

With markets going up Iconix Brand Group Inc closed Tuesday up 26.14%, a $0.40 increase to close on $1.93. The stock continues to trade well at 164.38% of its 52 week low of $0.73. In addition to finishing higher, trading volumes were solid at 1,056.00% of normal which can indicate investors see opportunities. The next earnings report is expected in approximately 16 days.

ICON outperformed the rest of the Consumer Discretionary sector which went up 0.48% today.

Expectations from 1 analyst points to the possibility that Iconix Brand Group Inc might fall somewhat (-54.25%).

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Financials saw the biggest increase of the day (1.37%), while Real Estate saw the biggest drop (-2.38%). Information Technology has seen the biggest year-to-date gain at 23.78%.

Energy saw the biggest turnaround from its 5-day performance of -1.22%, as it went up 0.64%. Real Estate and Utilities experienced turn arounds from their five day positive performance, Real Estate with a drop of -2.38%.

Sector Breakdown

  • Financials went up with a 1.37% change.
  • Energy went up with a 0.64% change.
  • Industrials went up with a 0.59% change.
  • Information Technology went up with a 0.49% change.
  • Consumer Discretionary went up with a 0.48% change.
  • Materials went up with a 0.47% change.
  • Communication Services went up with a 0.21% change.
  • Consumer Staples went down with a -0.06% change.
  • Utilities went down with a -1.39% change.
  • Healthcare went down with a -2.03% change.
  • Real Estate went down with a -2.38% change.

Iconix Brand Group Inc Info

Iconix Brand Group, Inc., a brand management company, owns, licenses, and markets a portfolio of consumer brands across the women’s, men’s, and home industries in the United States and internationally. The company’s brand portfolio includes Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/ Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper, and Artful Dodger brands. It also owns interests in the Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Hydraulic, and Pony Brands. In addition, the company licenses its brands across a range of product categories, including fashion apparel, footwear, accessories, sportswear, home furnishings and décor, and beauty and fragrances, as well as consumer products. It licenses its brands through direct-to-retail and traditional wholesale licenses; and various distribution channels, such as mass tier and department stores. The company was formerly known as Candie’s, Inc. and changed its name to Iconix Brand Group, Inc. in July 2005. Iconix Brand Group, Inc. was founded in 1978 and is based in New York, New York.

All amounts in USD unless otherwise indicated

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ICON daily update

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