Naked Brand Group (NAKD) Picks Up Momentum: Good Time To Buy?

In the past weeks, the rally in the GameStop stock due to a short squeeze triggered by retail investors has prompted some companies to take advantage of the situation. One such company to have done so is the swimwear and innerwear company Naked Brand Group Ltd (NASDAQ: NAKD).

Naked Brand Group (NAKD) Picks Up Momentum: Good Time To Buy?

 

The rally in GameStop may have prompted the company to issue more stock and that plan has worked so far. The Naked Brand stock has gone up by as much as threefold over the course of the past month so far. Considering the sort of gains made by Naked Brand, it might be a good idea for investors to perhaps start tracking the stock. In addition to this rally, the company is also looking at ways to overhaul its operations and start working on its online retail strategy.

That being said, it is necessary to note that currently there is nothing solid that could have triggered this massive rally. Investors could consider watching the news wires closely regarding developments around Naked Brand.

 

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.