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Xcel Brands (XELB) in Focus: Stock Jumps 8.9% in Session
Xcel Brands, Inc. (XELB - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $4.98 to $5.56 in the past one-month time frame, showed a pick-up yesterday at $5.53.
This retail industry stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Xcel Brands has a Zacks Rank #4 (Sell).
XCEL BRANDS INC Price
XCEL BRANDS INC Price | XCEL BRANDS INC Quote
However, a better-ranked stock in the same space is Nordstrom Inc. (JWN - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
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