Collective Rises On Unusually High Volume (PSS)

NEW YORK ( TheStreet) -- Collective Brands (NYSE: PSS) is trading at unusually high volume Tuesday with 7.2 million shares changing hands. It is currently at 4.6 times its average daily volume and trading up 45 cents (+2.2%) at $21.22 as of 10 a.m. ET.

Collective has a market cap of $1.29 billion and is part of the services sector and retail industry. Shares are up 44.5% year to date as of the close of trading on Monday.

Collective Brands, Inc. engages in the provision of footwear and related accessories worldwide.

TheStreet Ratings rates Collective as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Collective Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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