Among the biggest risers on the S&P 500 on Friday November 22 was Ralph Lauren Corporation ($RL), popping some 3.76% to a price of $107.61 a share with some 840,780 shares trading hands.
Starting the day trading at $104.82, Ralph Lauren Corporation reached an intraday high of $107.81 and hit intraday lows of $104.15. Shares gained $3.9 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 74.62 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $82.69 to $133.63.
Founded in 1967 by Ralph Lauren, Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, and Asia. Its products include apparel, footwear, eyewear, jewelry, leather goods, home products, and fragrances. The company’s brands include Polo Ralph Lauren, Lauren Ralph Lauren, Chaps, Double RL, and Club Monaco. Distribution channels for Ralph Lauren include wholesale (including department stores and specialty stores), retail (including company-owned retail stores and e-commerce), and licensing.
Ralph Lauren Corporation has its corporate headquarters located in New York, NY and employs 24,300 people. Its market cap has now risen to $8.03 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 2.76, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
