Naked Brands stock soars after disclosing Ault Global owned a 6.4% stake

Dow Jones
09 Apr 2021

MW Naked Brands stock soars after disclosing Ault Global owned a 6.4% stake

Shares of Naked Brand Group Ltd. $(NAKD)$ soared 20.0% in active premarket trading, after the New Zealand-based apparel and swimwear company disclosed that Ault Global Holdings Inc. $(DPW)$ owned more than 41.1 million share, or the 6.4% of the shares outstanding. With trading volume at 3.8 million shares, Naked Brand's stock was the most actively traded ahead of the open. The stock has been declining steadily since mid February, after being caught up in the trading frenzy surrounding so-called meme stocks in late January, which started with the stock soaring more than 250% on Jan. 28. Since closing on Feb. 11 at $1.56, the stock has tumbled 60.3% to close Thursday at 62 cents. Still, the stock has gained 224.7% year to date through Thursday, while the S&P 500 has gained 9.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

 

$(END)$ Dow Jones Newswires

April 09, 2021 06:39 ET (10:39 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10