dELIA*s, Inc. (DLIA) Surges on Heavy Volume

NEW YORK (TheStreet) -- Teen apparel retailer dELIA*s, Inc. (DLIA) exploded at market open Friday, despite the absence of company news.

Early in the session, shares of the nano-cap had surged 20% to $1.32.

Trading volume was heavier than normal. A total 3.2 million shares had changed hands by 10 a.m. EST, nearly triple its three-month daily average of 1.1 million.

Last month, the retailer announced preliminary results for its fourth quarter. Total revenue decreased 34.2% to $35.4 million, with a 33% year-over-year decrease in its retail segment and 36% drop in its direct segment. Comparable-store sales plummeted 26.9%.

DLIA Chart DLIA data by YCharts

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