Stock of the Day
After a lengthy pullback month-to-date, TRLG is getting a nice pop today on the news that the stock has been approved for listing on the Nasdaq. So far, the stock has traded on the bulleting board. But starting tomorrow, it will trade on the NNM.
While this doesn't change the fundamentals of the company, which by the way are quite good, it should increase interest and awareness of the stock. Hopefully, some more analysts will decide to initiate coverage on it, and that could create more institutional demand for the shares.
TRLG is down due to the overall pullback in the market, the schmeissing that retails stocks have endured lately, and the concerns about the potential for a denim glut at retailers. I think these concerns are priced in, and the stock still offers ample upside as it is still in the early stages of its growth phase.