Guess?, Inc. Spikes On Director's Small Stock Purchase

Guess?, Inc. GES shares spiked Friday after a company director reported acquiring 15,000 shares at $23.61 a piece.

The director, 67-year-old Joseph R. Gromek was named to the Guess board in April. Gromek paid $354,000 in the stock transaction dated Wednesday, September 3, and had previously not held shares of Guess.

Guess has 84 million shares outstanding and a market capitalization of $1.98 billion.

Gromek has lost 0.76 percent on his investment. Guess traded recently at $23.32, up 0.5 percent.