American Eagle and Ascena in the spotlight

A handful of worthwhile stocks within the apparel market

were in the spotlight Tuesday in Wall Street, led by American Eagle Outfitters and Ascena Retail Group, both scored heavy volume. They became the most active stocks in this subsector. Also American Apparel had the industry talking.

American Apparel Inc. added 18.60 percent and was trading up to 1.53 dollars in New York soon after posting quite positive results for its last quarter. The dancing staples fashion retailer jumped 20.16 percent in premarket after the company posted a fourth-quarter profit with comparable-store sales up 7 percent and online sales surging 42 percent.

In the same vein, American Eagle Outfitters and Ascena Retail Group Inc gained traders attention mainly due to superb trade and both stocks showing superb trading during the previous trading session, as reported by ‘NASDAQ’.

Ascena Retail Group Inc. opened in green as it climbed 13.13 percent before trading session opened after the New York-based women apparel retailer posted better-than-expected second-quarter results.

In the meantime, American Eagle Outfitters reported that it will release its earnings for the fourth quarter 2012. On Wednesday, March 6, 2013 at 9:00 a.m. ET, the company will be also broadcast the conference call live through the internet.

Finally, J.C. Penney Company Inc. retreated 3.35 percent in premarket Tuesday amid reports that the company's second biggest shareholder Vornado Realty Trust (VNO) is selling almost half its stake in the retailer, reported ‘Istock’.