Stock News Buzz: Fred’s (NASDAQ: FRED)

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.

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