Vince Holding Corp. (NYSE:VNCE – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.48 and traded as low as $1.97. Vince shares last traded at $2.05, with a volume of 20,294 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Vince from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.
Read Our Latest Stock Analysis on VNCE
Vince Trading Down 2.6 %
Insider Transactions at Vince
In related news, major shareholder Rodger R. Krouse sold 7,218,385 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total value of $16,818,837.05. Following the completion of the sale, the insider now owns 1,262,933 shares of the company’s stock, valued at $2,942,633.89. This trade represents a 85.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.30% of the company’s stock.
Institutional Trading of Vince
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of Vince in the fourth quarter valued at approximately $86,000. Geode Capital Management LLC increased its holdings in shares of Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock valued at $123,000 after purchasing an additional 3,731 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Vince in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 16.11% of the company’s stock.
About Vince
Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.
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