Stein Mart Inc. stock soared 45% in Tuesday trading after the off-price retailer announced that it will install Amazon Hub Lockers in nearly 200 stores in 28 states. Amazon Lockers are found in various other locations including
KSS
. This is a superb opportunity to increase footfall into the stores without any marketing expenses. It is also interesting to see the option activity with a high quantity of $2 call traded, this is indeed very bullish, options are often a very good read on what is ahead.
For a safe entry point it is advisable to wait for a break above the 200 day MA and the downtrend line(blue).
STEIN MART INC.
Stein Mart, Inc. engages in the retail of fashion merchandise. It offers fashion apparel, home decor, accessories and shoes through online and retail stores.
KSS
. This is a superb opportunity to increase footfall into the stores without any marketing expenses. It is also interesting to see the option activity with a high quantity of $2 call traded, this is indeed very bullish, options are often a very good read on what is ahead. For a safe entry point it is advisable to wait for a break above the 200 day MA and the downtrend line(blue).
STEIN MART INC.
Stein Mart, Inc. engages in the retail of fashion merchandise. It offers fashion apparel, home decor, accessories and shoes through online and retail stores.