Coldwater Creek gets a nice stock price bump, up 17 percent to $5.72
Just in time for the holidays, we spotted a nice Friday afternoon pop for Coldwater Creek's stock price, on the Nasdaq.
A few months ago the company had to do a reverse-split to keep the price per share above $1. When it did that, its recalculated price came to about $3.89 or so.
Today it rose to $5.72, up 17 percent from Thursday's closing price.
Recent announcements that might have helped the Sandpoint women's fashion retailer is a third quarter report that showed it's trimmed losses, and the announcement this week that a new CEO will take over in January for co-founder Dennis Pence.
Things are picking up stock-wise. Friday's trade volume was 412,519 shares, compared with a recent average volume of 211,332 shares.