In the last trading session EXPR shares reached $6.51 from $5.05, moreover, last month the stock had gradually increased, from $3.15 to almost $7, however, everything is not so clear, while the predicted price for the market opening is assumed to reduce by 23%.
Express, Inc. (EXPR), a fashion clothing retailer, announced today that it has submitted a preliminary prospectus with the Securities and Exchange Commission (the “SEC”), under which it may offer and sell up to 15 million shares of its common stock through an “at-the-market” or ATM equity offering program from time to time (the “ATM Offering”). According to the last news, the company’s shares are predicted to decrease on June 3rd.
After the market opens, investors should keep an eye on the stock market’s peaks and troughs. Based on the real marks, it is worth drawing conclusions, since the company has made its way up over the past six months, and a one-day drop cannot guarantee the company’s further fate.