Ascena Retail Group Inc. (ASNA) had a good day on the market for Friday November 29 as shares jumped 8.86% to close at $0.45. About 2.07 million shares traded hands on 2,528 trades for the day, compared with an average daily volume of n/a shares out of a total float of 199.25 million. After opening the trading day at $0.42, shares of Ascena Retail Group Inc. stayed within a range of $0.46 to $0.42.
With today’s gains, Ascena Retail Group Inc. now has a market cap of $89.8 million. Shares of Ascena Retail Group Inc. have been trading within a range of $3.63 and $0.20 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Ascena Retail Group Inc is a national specialty retailer of apparel for women and tween girls. The company operates, through its owned subsidiaries, e-commerce operations and stores in the United States, Canada, and Puerto Rico. It has four operating segments: Premium Fashion, Value Fashion, Plus Fashion and Kids Fashion. Ascena generates most of its revenues from Premium Fashion segment.
Ascena Retail Group Inc. is based out of Mahwah, NJ and has some 53,000 employees. Its CEO is Gary Muto.
Ascena Retail Group Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
