Stocks quoted in this article:
Gucci Group NV (GUC - 97) is the designer and distributer of luxury goods of the Gucci brand, including handbags, luggage and other leather goods, shoes, ready to wear, watches, ties and scarves, home accessories, jewelry, eyewear, and fragrances. On Wednesday, GUC announced earnings that came in at 49 cents per share versus an expected 48 cents per share. The equity opened higher, closing up over six percent. GUC has gained over 23 percent from an intraday low of 78-5/8 on May 19. However, over the last couple of days, the security has traded sideways, capped by technical resistance at the 97-98 area. This region served as resistance briefly in December and March. The shares are unchanged this afternoon, and option activity on GUC has been minimal.