New York & Co. Inc (NWY) experienced unusually high volume on May. 21, as the stock gained 1.22% to a closing price of $2.49. The stock saw 127,240 shares trade hands over the course of the day on 886 trades. Given that the stock’s average daily volume over the last month has been 82,970 shares a day, this represents a pretty substantial spike over the norm.
New York & Co. Inc has a P/B ratio of 1.61. The stock has traded between $4.40 and $2.06 over the last 52-weeks, its 50-day SMA is now $2.50, and its 200-day SMA $2.70.
New York & Company Inc together with its subsidiaries is a specialty retailer of women's fashion apparel & accessories, & the modern wear-to-work destination for women. It provides fitting pants & NY Style that is feminine, polished, on-trend & versatile.
Headquartered in New York, NY, New York & Co. Inc has 6,400 employees and is currently under the leadership of CEO Gregory Scott.
For a complete fundamental analysis of New York & Co. Inc, check out equities.com’s E.V.A. report for NWY.
THE IMPORTANCE OF THE RUSSELL 3000
The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.
With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.
For more news on the financial markets, go to Equities.com. Also, learn more about our robust do-it-yourself Equities Valuation Analysis (E.V.A.) research reports.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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