Reebonz (RBZ) Sees Large Volume Increase

Reebonz Holding Ltd (NASDAQ:RBZ) shares saw unusually-strong trading volume on Friday . Approximately 3,230,421 shares traded hands during trading, an increase of 316% from the previous session’s volume of 776,085 shares.The stock last traded at $5.91 and had previously closed at $5.66.

Separately, Roth Capital started coverage on Reebonz in a research report on Wednesday, April 24th. They set a “buy” rating and a $11.00 price target on the stock.

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About Reebonz (NASDAQ:RBZ)

Reebonz Holding Limited operates an online platform for buying and selling a range of luxury products in Southeast Asia and the Asia Pacific markets. It offers a range of new and pre-owned luxury bags, accessories, watches, jewelry, and shoes from designer labels and a curation of merchants through sale events and Reebonz app, as well as iPhone, iPad, and Android platforms.

Further Reading: Strangles

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