Charming Shoppes Rises On Unusually High Volume (CHRS)

NEW YORK ( TheStreet) -- Charming Shoppes (Nasdaq: CHRS) is trading at unusually high volume Wednesday with 47.2 million shares changing hands. It is currently at 28.4 times its average daily volume and trading up $1.40 (+23.7%) at $7.30 as of 9:30 a.m. ET.

Charming Shoppes has a market cap of $686.4 million and is part of the services sector and retail industry. Shares are up 20.4% year to date as of the close of trading on Tuesday.

Charming Shoppes, Inc. operates as a specialty apparel retailer primarily for women in the United States. The company operates retail stores and related e-commerce Web sites under the LANE BRYANT, CACIQUE, LANE BRYANT OUTLET, FASHION BUG, FASHION BUG PLUS, and CATHERINES PLUS SIZES brand names.

TheStreet Ratings rates Charming Shoppes as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that revenues have generally been declining. You can view the full Charming Shoppes 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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