(24/7 MARKET NEWS) – Xcel Brands, Inc. (NASDAQ: XELB) stated, this morning, that it entered into a new master licensing partnership with G-III Apparel Group, Ltd. (NASDAQ: GIII), under which G-III will design and produce all categories and distribute products globally for the Halston business and all of its brands.
Xcel Brands is trading at $0.968, up $0.115 (+13.49%), on 4.73M premarket shares traded.
Its 52-week range is $0.5111 to $1.70. It hit a new 2023 high of $1.50 in the premarket and, if trading volume increases, its setup is favorable for it to challenge several of its 2022 resistance levels, but beware this market, as many good setups aren’t able to follow through during the regular trading session.
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