Dan River won't speculate on stock activity

DANVILLE, Va. — Today the New York Stock Exchange asked Dan River to issue a public statement indicating whether there are any corporate developments which may explain the "unusual activity" in the company's stock.

Almost 1.5 million shares changed hands in unusually heavy trading yesterday, raising Dan River's stock almost 40 percent. So far today, the stock has given up some of its big gain, sliding back by $0.15 per share to $1.12 in mid-afternoon trading — a double-digit drop of 11.8 percent. More than 1 million shares had traded hands by mid-afternoon in a second straight day of unusually heavy volume.

In response to the NYSE request for a public explanation, Dan River issued a brief statement saying only that the company's policy "is to not comment on unusual market activity."

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos

CURRENT ISSUE

HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!