Aeropostale Up 7% On Takeover Talk (ARO)

Shares of Aeropostale Inc. ARO are trading up 7% at $25.23 per share during the Thursday afternoon trading session. The stock has been trading higher after an article in the New York Post said that the company has hired Barclays Capital to defend it from potential takeover attempts. The day's range for shares of Aeropostale Inc has been between $24.46 and $25.30 per share. The average price target of analysts who cover Aeropostale Inc. (ARO) is $26.50 per share. Volume of 3.8 million shares is already more than the daily average volume of 3.6 million shares. Aeropostale, Inc is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 7 to 12 year-old kids through its P.S. from Aeropostale stores. Read more from Benzinga's Company news.