Shares of Zalando SE (OTCMKTS:ZLDSF – Get Free Report) were down 10.5% on Thursday. The stock traded as low as $23.62 and last traded at $23.63. Approximately 7,500 shares traded hands during mid-day trading, an increase of 268% from the average session volume of 2,040 shares. The stock had previously closed at $26.40.
Zalando Price Performance
The stock’s 50-day moving average price is $27.83 and its two-hundred day moving average price is $26.14.
About Zalando
Zalando SE is a European online fashion and lifestyle platform headquartered in Berlin, Germany. The company offers clothing, footwear, accessories, beauty products and related lifestyle merchandise through its digital storefronts, connecting customers with both Zalando’s own assortment and products supplied by third-party brand and retail partners.
Founded in 2008 by Robert Gentz and David Schneider, Zalando has expanded from an online footwear retailer into a broader platform serving customers across multiple European markets.
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