Short-Term Price Movement and Investor Activity
The recent rise in Meyer Apparel’s stock price comes after two consecutive days of gains, during which the stock has appreciated by approximately 5.59%. This short-term momentum contrasts with the broader sector and benchmark indices, as the stock outperformed its sector by 6.32% on the day. Such performance indicates a temporary shift in market sentiment favouring the stock, possibly driven by increased buying interest.
Supporting this view is the significant surge in delivery volume recorded on 01 Dec, which stood at 11,370 shares. This figure represents a remarkable 515.51% increase compared to the five-day average delivery volume, signalling heightened investor participation and confidence in the stock’s near-term pro...
Read More












