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Micro-Cap of the Day; New York & Company Inc. (NWY)

By Warren Paige

Shares of New York & Company Inc. (NYSE: NWY), a specialty retailer of women’s fashion apparel and accessories, rose sharply in trading today.

At last check, NWY shares were trading 18.93% higher at $4.21 on above average volume of 345,681. The stock touched an intra-day high of $4.27.

NWY shares surged after the company announced on Thursday that it expects second-quarter financial results to exceed guidance.

For the second quarter ending July 28th, 2012, NWY expects comparable store sales to be up slightly. Gross margin for the quarter is expected to improve between 400 and 500 basis points from last year’s second quarter.

Operating loss for the quarter is expected to between $5 million and $7 million.

Gregory Scott, CEO of New York & Company, said that he is encouraged by NWY’s second-quarter performance to date which reflects strong product acceptance across the company’s summer assortments.

 

 

 

July 13th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.