Today we feature Elizabeth Arden Inc (NASDAQ: RDEN), a household products manufacturer, as the top momentum gainer since the stock gained more than 12% during the last two consecutive trading days with increased trading volumes. In the previous trading session, RDEN was among the top performers in the U.S. consumer goods industry having gained 13.1% breaking the long term 200-DMA at $34.57 and closed at $36.00 while recording significant volume of 2.2 million shares. During the past 5-trading sessions, RDEN gained 29.2% with daily average trading volumes of 808,095 shares, while the stock accumulated over 19% during the past one month with daily average volumes of 327,279 shares. The stock jumped on the reports that it may get acquired. On Wednesday, South Korea’s LG Household & Healthcare Ltd reported its consideration in making a bid for RDEN.
Company Description:
Elizabeth Arden Inc (NASDAQ: RDEN) manufactures, distributes, and markets prestige fragrances and related skin treatment and cosmetic products for men and women. The company’s fragrance brands include Red Door, White Diamonds, Grey Flannel, Halston, Guerlain, and Nautica. Elizabeth Arden’s skin care brands include Ceramides, Visible Difference, and Millenium.
1-Year Stock Chart:
Source: Bloomberg
