|Bid||0.5266 x 800|
|Ask||0.5308 x 4000|
|Day's Range||0.5217 - 0.5700|
|52 Week Range||0.0661 - 3.4000|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Naked Brand Group (NASDAQ: NAKD) jumped on Friday after the swimwear and intimate apparel maker announced the final tallies from its shareholder meeting. It closed its previously announced divestiture agreement with a group that includes members of its management team, like CEO Justin Davis-Rice. Investors bid up Naked Brand Group's share price on Friday.
Naked Brand (NASDAQ:NAKD) stock is on the move Friday as investors push to bring the stock back up to the $1 mark. Source: NazarBazar/Shutterstock.com That push comes after a couple of new pieces of news from Naked Brand. Let’s dive into it below. First off, the company announced yesterday that it has been given a delisting notice from the Nasdaq Exchange. This is due to the company not maintaining a share price of at least $1 for 30 consecutive days. However, this notification doesn’t mean the stock is about to be delisted soon. Instead, the company has 180 days to regain compliance. To do this, the shares of NAKD stock have to reach a minimum value of at least $1. Next up we have an update about its Extraordinary General Meeting of shareholders last week. This meeting was to get a vote from shareholders concerning the divesture of its Bendon brick-and-mortar operations. The results from that meeting are in and the company got approval from shareholders to divest the Bendon business. To go along with this, the company signed the definitive agreement to divest the business and also completed the transaction. Justin Davis-Rice, CEO of Naked Brand, said this about the divesture news.InvestorPlace - Stock Market News, Stock Advice & Trading Tips “I strongly believe we did what was best for our shareholders and have now positioned Naked with the necessary capital to drive shareholder value in the coming months and years. We have a strong balance sheet, no debt and an asset-light operating model and we see a very favorable M&A environment in e-commerce businesses around the globe.” 10 of the Top Nasdaq Blue-Chip Stocks to Buy The divesture news and push to $1 have investors in NAKD stock taking to social media to try and rally others. It’s a favorite of retail traders on Reddit and Twitter (NYSE:TWTR). $NAKD. If we can break that .74 line of resistance, we might have a runner. — Alveraz Ricardez (@AlverazRicardez) April 30, 2021 See you at $1 and $NAKD in the morning https://t.co/DBttvt9SkO pic.twitter.com/xKlzswdDlm — The Stock Sniper (@Ultra_Calls) April 29, 2021 NAKD stock is also seeing heavy trading on today’s news. As of this writing, more than 169 million shares have changed hands. For comparison, its daily average trading volume is 114 million shares. NAKD stock was up 12.9% as of Friday morning. Investors that are interested in more penny stocks should stick around. We’ve been giving penny stocks a bit more attention of late. A few examples worth mentioning are Castor Maritime (NASDAQ:CTRM), Citius Pharmaceuticals (NASDAQ:CTXR), Express (NYSE:EXPR), and others. You can learn more about these stocks below. More Penny Stocks News Trade Castor Maritime Like a Machine Through Its Breakout Bid 5 Reddit Penny Stocks Seeing the Most Chatter 4 Reddit Penny Stocks Looking to Ride a Recovery Wave On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post NAKD Stock: 9 Things to Know About Naked Brand Today as Reddit Investors Keep an Eye on $1 appeared first on InvestorPlace.
The final tabulation of votes cast for and against the proposal, as well as the number of abstentions and broker non-votes with respect to the proposal, is as follows:ForAgainstAbstainBroker Non-Vote 118,588,7622,076,175776,405- With shareholder support, the Company has signed the definitive agreement for the divestiture and simultaneously closed the transaction on Friday, April 30, 2021 (Sydney time).Justin Davis-Rice, Naked's Chief Executive Officer, stated: "Today's final tally and closing of the Bendon divestiture represents a key milestone in Naked's corporate history.