Strength Seen in Cherokee (CHKE): Stock Gains 11.6% - Tale of the Tape
Cherokee Inc. (CHKE) was a big mover last session, as the company saw its shares rise roughly 12% on the day. The upside came after the company reported solid fourth-quarter results on Apr 16 and issued a strong outlook for fiscal 2015. This led to more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $18.38 to $20.32 in the past one-month time frame.
The company has seen 1 positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Cherokee currently has a Zacks Rank #2 (Buy).
Another well-ranked stock in the same space is Columbia Sportswear Company (COLM) sporting a Zacks Rank #1 (Strong Buy).
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CHEROKEE INC (CHKE): Free Stock Analysis Report
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