Take your profits and wait until earnings report on the week of May 18th have passed.
URBN has been on a downward trend and profits are being taken.
The CEO even dumped over $2.2 MILLION in shares a couple weeks ago...
Couple that with weak retail sales this quarter, We could be seeing $36 soon...
Sentiment: Strong Sell
Now i am wondering why the yahoo message board link for URBN doesn't work...
Is it to stop the spread of this news?
With this type of action, I am surprised that the short interest is so low.
I am dumping my shares. If the CEO is jumping ship, I should too...
((Chief Executive of Urban Outfitters Group, Tedford G. Marlow, unloaded 50,000 shares (reflecting 77.26% of his direct stake in Urban Outfitters) worth $2,200,000 on April 13. Following this transaction, Mr. Marlow directly owned 14,712 shares currently worth $638,648.))
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I don't understand this stock. Back in October they warn on Q4 and the stock tanks to $27, all the analysts take down their earnings estimates and price targets. Then they end up reporting a Q4 that is slightly better than last year, and the stock hits $45. URBN has a great business and is a well-run company, but something is wrong when the market values it 65% more than it did less than 6 months ago, and not too much has changed in the business. If they had a lot of debt, maybe it would make more sense that small changes in the business could cause the stock to swing like this. But this just does not make any sense. I scooped up some stock at the low and am inclined to be a seller at these levels in order to take some money off the table.
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