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American Apparel Inc. (NYSEMKT: APP) shares dropped 13.92 percent to close at $0.506 a share Wednesday. The stock traded between $0.46 and $0.52 on volume of 10.76 million shares traded. The company announced the pricing of an underwritten public offering of 61.0 million shares of common stock at a price to the public of $0.50 per share. Shares of American Apparel are down approximately 60.0 percent year-to-date.
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Five Below Inc. (NASDAQ: FIVE) shares surged 11.42 percent to close at $42.34 a share Wednesday. The stock traded between $41.90 and $44.35 on volume 6.63 million shares traded. The company reported net sales were $212.0 million for the fourth quarter of 2013, an increase of 22.1 percent when compared to a year ago. Shares of Five Below are down approximately 2.0 percent year-to-date.
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Movado Group, Inc. (NYSE: MOV) shares spiked 10.18 percent to close at $46.31 a share Wednesday. The stock traded between $45.43 and $48.27 on volume of 837,378 shares traded. The company reported net sales were $578.1 million for fiscal 2014, an increase of 13.3 percent when compared to a year ago. Shares of Movado Group are up approximately 5.0 percent year-to-date.
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PVH Corp. (NYSE: PVH) shares gained 3.57 percent to close at $121.91 a share Wednesday. The stock traded between $120.73 and $125.89 on volume 4.69 million shares traded. The company reported non-GAAP earnings per share was $1.43 for the fourth quarter of 2013, which exceeded its guidance of $1.40. Shares of PVH are down approximately 10.0 percent year-to-date.
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