Home Financial Markets Why Did The XELB Stock Rise 54% On Monday?

Why Did The XELB Stock Rise 54% On Monday?

A rise of 54.40% or $1.05, has been reported in Xcel Brands Inc. (NASDAQ: XELB) for Monday’s trading session. While the Xcel Brands stock price peak was recorded at $4.15, the lowest point of the day was $2.14.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

As per data provided by Barchart, XELB closed at $2.98 in the previous session, with trading volume recorded at 128.04 million. XELB stock surged because of its recent acquisition of a very popular brand.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

What does the XELB have acquired?

Xcel Brands is a media and consumer product company focused on the creation of original branded products as well as the production, marketing, and distribution of wholesale products. Products of XELB include footwear, jewelry, home goods, apparel, accessories, and other goods of a consumer lifestyle, and investments in dynamic consumer lifestyle brands. Over $3BB US worth of retail sales has been achieved by XELB through live streaming on television.

April 5, 2021 /PRNewswire/ —

It was announced yesterday that Xcel Brands has entered into an agreement to acquire the Lori Goldstein brands, which include LOGO by Lori Goldstein.

  • With the acquisition, the popular brand will be enhanced by adding new products and categories and managing the business by adding new channels including Live streaming, e-commerce, and direct-response TV.
  • In 2009, after LOGO by Lori Goldstein launched and became profitable, the business was redesigned to bring style to the masses.
  • With a retail sales volume exceeding $1.5 billion, the brand offers a wide range of clothing, such as activewear, outerwear, casual womenswear, eyewear and jewelry.
  • The acquisition also includes product redesigns to stimulate growth as well as expanding the material business throughout multiple channels for distribution, as well as by working with the partners to develop a platform to materialize business.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

How does XELB gain from the acquisition?

In joining forces with the LEGO brand, Xcel Brands (XELB) plans to offer a range of products to their female clientele by using the stylist turned designer’s expertise to listen, connect to, and design for women worldwide. XELB will see high-growth potential under the LOGO brand with this acquisition.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why did Corvus Pharmaceuticals Inc. (CRVS) stock soar on Wednesday?

Corvus Pharmaceuticals Inc. (CRVS) shares surged 9.17% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $2.38. in the regular...

Havertys Furniture Companies Inc. (HVT) stock gains during after-hour trading, Here’s to know why?

Havertys Furniture Companies Inc. (NASDAQ: HVT) stock declined by 0.39% at last close whereas the HVT stock price gains by 4.6% in the after-hours...

Oragenics Inc. (OGEN) stock gained during current market. What’s driving it high?

Oragenics Inc. (OGEN) stock gains by 54.33% during the current market trading session. Oragenics, is a research and development firm focused on combating infectious...

Flora Growth Corp. (FLGC) stock declines during premarket. Here’s what you should know?

Flora Growth Corp. (NASDAQ: FLGC) stock gained by 49.67% at last close whereas the FLGC stock price plunged by 18.36% in the pre-market trading...

Palatin Technologies Inc. (PTN) stock rises during pre-market trading. What has been happening lately?

Palatin Technologies Inc. (NASDAQ: PTN) stock declined by 1.16% the last close whereas the PTN stock price gains by 3.91% in the pre-market trading...

Why did Corvus Pharmaceuticals Inc. (CRVS) stock soar on Wednesday?

Corvus Pharmaceuticals Inc. (CRVS) shares surged 9.17% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $2.38. in the regular...

Antero Resources Corp. (AR) stock fell during after-market. Here’s to know why?

Antero Resources Corp. (NASDAQ: AR) stock plunged by 0.58% at last close while the AR stock price declines by 6.59% in the after-hours trading...

Why Electrameccanica Vehicles Corp. (SOLO) stock performed well on Wednesday?

Electrameccanica Vehicles Corp. (SOLO) shares gained 5.71% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $3.70 per share. in...

Related News

Why Gaotu Techedu Inc. (GOTU) stock went up on Wednesday despite headwinds?

Gaotu Techedu Inc. (GOTU) shares rose 1.38% in after-hours on Wednesday, July 28, 2021, and closed the daily trade at $3.67. Earlier in the...

Teladoc Health Inc. (TDOC) stock declines during after-hour trading session. What’s the update?

Teladoc Health Inc. (TDOC) gained by 0.84% at the last close whereas the TDOC stock price plunged by 8.58% in the after-market. By changing...

Relmada Therapeutics Inc. (RLMD) stock is plunging in the current trading session; What’s going on?

In the current trading session, Relmada Therapeutics Inc. (RLMD) stock shares are plunging by -5.97%. The current trading price is at $23.62 in the...

Helix Energy Solutions Inc. (HLX) stock fell during pre-market. What’s behind this decline?

Helix Energy Solutions Group Inc. (HLX) stock gained by 4.54% at the last close whereas the HLX stock price plunged by 6.72% in the...

Here is why Range Resources Corporation (RRC) stock plummeted in the after-hours on Monday?

Range Resources Corporation (RRC) shares lost 6.50% in after-hours on Monday, July 26, 2021, and close the daily trading at $14.95. in the regular...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam