Iconix Brand Group Inc. (ICON) Soars 8.25% on March 25

Iconix Brand Group Inc. (ICON) Soars 8.25% on March 25

Iconix Brand Group Inc. (ICON) had a good day on the market for Monday March 25 as shares jumped 8.25% to close at $2.10. About 413,663 shares traded hands on 1,525 trades for the day, compared with an average daily volume of n/a shares out of a total float of 7.52 million. After opening the trading day at $1.95, shares of Iconix Brand Group Inc. stayed within a range of $2.15 to $1.94.

With today’s gains, Iconix Brand Group Inc. now has a market cap of $15.79 million. Shares of Iconix Brand Group Inc. have been trading within a range of $12.00 and $0.73 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Iconix Brand Group Inc owns a portfolio of consumer brands in the apparel, home, and entertainment categories. It monetizes the brands primarily through licensing and joint ventures with retailers and wholesalers worldwide. Its largest retail licensees include Wal-Mart, Target, Kohl’s, and Kmart/Sears. Some of the company’s notable brands are Peanuts, Mossimo, Starter, Sharper Image, and London Fog. Licensees are responsible for design, manufacture, and distribution, while Iconix manages advertising and promotional campaigns. Most agreements require licensees to pay Iconix for advertising and marketing and to guarantee Iconix a minimum amount of royalty revenue.

Iconix Brand Group Inc. is based out of New York, NY and has some 152 employees.

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