Iconix Brand Group (NASDAQ:ICON) Trading Up 13.4%

Iconix Brand Group, Inc. (NASDAQ:ICON) was up 13.4% during trading on Tuesday . The stock traded as high as $1.60 and last traded at $1.52, approximately 188,200 shares were traded during mid-day trading. A decline of 39% from the average daily volume of 307,576 shares. The stock had previously closed at $1.34.

Separately, ValuEngine upgraded Iconix Brand Group from a “strong sell” rating to a “sell” rating in a research note on Friday.

The firm has a 50 day simple moving average of $2.02 and a 200 day simple moving average of $1.40.

A hedge fund recently raised its stake in Iconix Brand Group stock. Vanguard Group Inc. raised its holdings in Iconix Brand Group, Inc. (NASDAQ:ICON) by 97.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,356 shares of the brand management company’s stock after acquiring an additional 109,959 shares during the period. Vanguard Group Inc. owned approximately 2.07% of Iconix Brand Group worth $190,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.95% of the company’s stock.

About Iconix Brand Group (NASDAQ:ICON)

Iconix Brand Group, Inc is a brand management company. As of December 31, 2016, the Company owned a portfolio of over 30 global consumer brands across women’s, men’s, and home categories. The Company operates through segments: men’s, women’s, home and international. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper and Artful Dodger, and interests in Material Girl, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands.

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