NEW YORK, NY / ACCESSWIRE / November 7, 2018 / Naked Brand Group shares were on a tear on Tuesday after the company announced that it has completed a $3.4 Million private placement of ordinary shares and warrants. Shares of Ralph Lauren were in the red after reporting
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Naked Brand Group Limited
Ralph Lauren Corporation
Naked Brand Group Limited shares closed up 43.36% on about 7.3 million shares traded on Tuesday. Trading volume was monstrous compared to the stock's average trading volume of just around 134,000 shares. The intimate apparel and swimwear company has closed a private placement of ordinary shares and warrants for aggregate gross proceeds of approximately $3.4 million with two accredited investors, including the Naked CEO, Justin Davis-Rice, and the company’s largest institutional shareholder, Armistice Capital. "Our continued investment in Naked reflects our confidence in the company’s ability to exploit its under-leveraged operating infrastructure with its global flagship, heritage and
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Ralph Lauren Corporation shares closed down 6.59% yesterday on about 5.4 million shares traded. The clothing company saw the losses despite reporting second quarter financial results that beat estimates. The Company also lifted full-year guidance. "Ralph Lauren did beat, but relative to the past two-to-three years the beat was fairly subdued (EBIT [earnings before interest and taxes] beat by 3%,
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