💹Mall Industry Stocks($CRI, $AEO, $GPS...) Witness a 6.47% Surge in the Past Week
The 'malls' theme predominantly includes department stores and clothing retail chains. Brands such as Citi Trends, TJX Companies, and Boot Barn Holdings are central to this category. A significant number of these entities are recognized for their "off-price" business model, offering steep discounts to their customers.
Tickers in Industry - $CRI, $AEO, $GPS, $JWN, $TJX, $CTRN, $CHS, $SPG, $BOOT, $SFIX
Swing Trader: Business Model (TA&FA)
Notable Companies
Key players in this theme include:
- TJX Companies (NYSE:TJX)
- Simon Property Group (NYSE:SPG)
- Gap (The) (NYSE:GPS)
- Nordstrom (NYSE:JWN)
- Stitch Fix (NASDAQ:SFIX)
Market Capitalization
The average market capitalization for the malls theme stands at 15.2B. Within this group, market caps range from a modest 10.9M to a staggering 101.7B. TJX Companies leads the pack with a valuation of 101.7B, while CBK is at the lower end with a valuation of 10.9M.
Price Movements
Over the past week, stocks within the malls theme posted an average price growth of 6.46%. On a monthly scale, there was a decline of -4.05%, but the quarterly growth was positive at 8.61%. CHS stood out with a remarkable price growth of 62.04%. On the flip side, SPG saw the most significant drop, declining by -6.69%.
Notable Price News
- On 10/3/23 at 7:27 PM, Simon Property Group (SPG, $104.63) recorded a decline of -6.69% for the week.
- On 9/20/23 at 9:20 AM, Stitch Fix (SFIX, $3.42) also saw a weekly decline of -8.06%.
- On 8/22/23 at 10:26 AM, Simon Property Group (SPG, $112.72) experienced a weekly drop of -5.29%.
Volume Analysis
The average weekly volume growth for stocks in the malls theme was -2.12%. However, on a monthly basis, there was a growth of 21.52%, and the quarterly volume growth was 5.68%.
Highlight on Volume
On 6/24/23 at 6:38 AM, Citi Trends experienced a surge in stock volume, marking an impressive daily growth of 419% compared to the 65-Day Volume Moving Average.
Fundamental Analysis Ratings
The average fundamental analysis ratings for companies in this theme range between 1 (best) and 100 (worst).
CRI : On September 14, 2023, the Moving Average Convergence Divergence (MACD) for CRI shifted into positive territory. Historical data reveals that when CRI's MACD has previously turned positive, the stock has advanced in 42 out of 54 subsequent monthly periods. This suggests a 78% likelihood of the stock maintaining its upward trajectory.
AEO : On August 29, 2023, AEO's 50-day Moving Average surpassed its 200-day moving average, indicating a potential long-term upward momentum for the stock. Such a crossover is often viewed as a positive sign by investors, suggesting that the stock might be entering a sustained upward trajectory.
GPS : On September 28, 2023, GPS's Stochastic Oscillator rebounded from the oversold region, hinting at a possible bullish momentum for the stock. Investors might consider this an opportune moment to acquire the stock or opt for call options. Historical data from Tickeron's A.I.dvisor, analyzing 67 similar scenarios, revealed that the stock ascended in 53 instances post such a shift. This suggests a promising 79% likelihood of the stock continuing its upward trajectory in the subsequent days.
