Diamonds and Dogs
Urban Outfitters (URBN)
Urban Outfitters is unfashionably down 16.52% today. The trendy retailer, known as a style influencer for 18-28 year olds, prices their clothing much higher than competing brands. With a decline in quarter sales and profit, URBN is struggling to balance their fashion-forward apparel with affordability. Their regular hip shoppers are not as willing to pay for the higher prices, and are said to prefer using Urban Outfitters as only inspiration.
Moma Inc. (MOMO)
The Chinese mobile-based social networking platform, Momo Inc, increased today by 22.56%. The young company is known for its capability to facilitate communication amongst people with common interests and location. MOMO's high first quarter sales determine that the company is on its way to dominating a niche realm of the social network service market, (SNS). With a current price of 15.71, investors should be eager to network with this tech company.
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