Home Equities Score XELB Stock Is On The Rise For What Reason?

XELB Stock Is On The Rise For What Reason?

The stock of Xcel Brands Inc. (NASDAQ: XELB) was up 5.14% in active trading today at $1.71. The last session ended with XELB stock at $1.65. At the time of writing, XELB stock was fluctuating between $1.70 and $1.79.

Compared with its 50-day average volume of 3.32 million shares and lower than its Year to date volume of 2.44 million shares, the number of shares exchanged was 0.17 million. XELB stock surged when the company announced the release date of its financial results.


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What does the XELB say?

Xcel Brands is a media and consumer products company. XELB manufactures, markets, wholesales, directs to consumers and distributes branded consumer lifestyle brands. A wide range of products are under the XELB banner, including apparel, footwear, accessories, jewelry, home goods, and more. Through live streaming on TV, XELB’s brands have generated sales exceeding $3 billion in the U.S.

The Xcel Brands announced today that it would release financial and operating data for the fourth quarter of 2020 after the market closes on April 21, 2021. At 5:00 p.m. Eastern Time that day, the Company will hold a conference call that will be open to all investors.

Performance preview:

Since last year, the XELB’s shares have gained 194.64%, while the XELB stock has dropped -19.51% in the last week. Over the last six months, the XELB stock increased by 89.42%, and over the past three months, it increased by 19.57%. XELB stock has gained 36.36% for the year so far. The market capitalization of Xcel Brands (XELB) currently stands at $32.69M.

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