Fred’s (NASDAQ: FRED) stock observed trading -89.71% off 52-week high price. On the other end, the stock has been noted 12.83% away from low price over the last 52-weeks. The stock disclosed a move of -57.19% away from 50 day moving average and -83.00% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.69% off 20-day moving average. It has market cap of $13.57M .
Fred’s (NASDAQ: FRED) released that it will close an additional 49 underperforming stores as part of an ongoing effort to optimize store footprint. Pharmacies will remain open at all locations listed below – customers can continue to fill their prescriptions, receive vaccinations, and purchase over the counter medications.
Fred’s decision to close additional underperforming stores follows a continued evaluation of the Company’s store portfolio, including historical and recent store performance and the timing of lease expirations, among other factors.
Fred’s will continue its partnership with Malfitano Advisors, LLC and SB360 Capital Partners to help manage the process and ensure a seamless experience for customers.
The USA based company Fred’s moved with change of -2.49% to $0.37 with the total traded volume of 452556 shares in recent session versus to an average volume of 1129.71K. The stock was observed in the 5 days activity at -5.66%. The one month performance of stock was -18.47%. FRED’s shares are at -86.09% for the quarter and driving a -83.84% return over the course of the past year and is now at -80.50% since this point in 2018. Right now the stock beta is 1.79. The average volatility for the week and month was at 14.07% and 14.05% respectively. There are 36.83M shares outstanding and 34.88M shares are floated in market.
Michelle Willette – Category – Market Movers
Michelle Willette is a relatively new investor, only investing for the last 5 years. She believes though, that it’s not the amount of time in the market that determines a good investor, but rather how dedicated they are to actively improving their knowledge.
She has immersed himself in the world of investing, and prides himself on avoiding hype from latest trends and news. She has more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. She also has a vast knowledge of stock trading. Michelle earned bachelor degree from Union College with a focus in Business Administration. She is the Senior Editor and covers Market Movers section. She also holds an MBA from Penn State University and she has two daughter and one son.
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