Iconix Brand Group Inc. (ICON) Soars 28.85%

Iconix Brand Group Inc. (ICON) Soars 28.85%

Iconix Brand Group Inc. is a Iconix Brand Group Inc owns a portfolio of consumer brands in the apparel and home categories. It monetizes the brands through licensing and joint ventures with retailers and wholesalers worldwide.

Iconix Brand Group Inc. (ICON) had a good day on the market for Friday December 04 as shares jumped 28.85% to close at $1.13. About 29.21 million shares traded hands on 78,074 trades for the day, compared with an average daily volume of n/a shares out of a total float of 13.17 million. After opening the trading day at $1.22, shares of Iconix Brand Group Inc. stayed within a range of $1.36 to $1.00.

With today’s gains, Iconix Brand Group Inc. now has a market cap of $14.89 million. Shares of Iconix Brand Group Inc. have been trading within a range of $1.92 and $0.51 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 and home categories. It monetizes the brands through licensing and joint ventures with retailers and wholesalers worldwide. Its 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 118 employees. Its CEO is Robert Galvin.

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