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Sequential Brands Group (SQBG) Jumps: Stock Adds 12.7%

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Sequential Brands Group, Inc. (SQBG - Free Report) was a big mover last session, as the company saw its shares rise nearly 13% on the day. The upside has been driven by a Wall Street Journal report that the company was close to buying Martha Stewart Living Omnimedia Inc. . This development led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.65 to $14.27 in the past one-month time frame.

The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Sequential Brands currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

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