Strength Seen in Guess (GES): Can Its 6.1% Jump Turn into More Strength?

Guess (GES) shares rallied 6.1% in the last trading session to close at $33.40. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.2% gain over the past four weeks.Guess?’s shares rallied following news related to authorization of a new share buyback plan of up to $200 million of its common stock. The company also unveiled that it will repurchase 326,429 shares worth $10.3 million through a convertible bond e ...