Destination XL Group Inc. (DXLG) Plunges 6.37%

Destination XL Group Inc. (DXLG) Plunges 6.37%

Destination XL Group Inc. (DXLG) had a rough trading day for Friday October 04 as shares tumbled 6.37%, or a loss of $-0.1 per share, to close at $1.47. After opening the day at $1.57, shares of Destination XL Group Inc. traded as high as $1.57 and as low as $1.45. Volume was 53,408 shares over 358 trades, against an average daily volume of n/a shares and a total float of 49.96 million.

As a result of the decline, Destination XL Group Inc. now has a market cap of $73.44 million. In the last year, shares of Destination XL Group Inc. have traded between a range of $3.52 and $1.28, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Destination XL Group Inc is a retailer of branded and designer men’s clothing and footwear in the United States. The company sells shirts, outerwear, suits, sleepwear, footwear and other accessories through branded stores like Polo, Reebok, Oak Hill, Robert Graham, Lacoste, Levi’s and True Nation. It also sells products across the world.

Destination XL Group Inc. is based out of Canton, MA and has some 2,543 employees. Its CEO is Harvey S. Kanter.

Destination XL Group Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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