Boston, MA 06/05/2013 (wallstreetpr) – The share prices of Furniture Brands International Inc. (NYSE:FBN) had declined by 21.11 percent to close at $4.41 per share for the end of last trading session on Tuesday. The shares of the company had been trading in the range of $4.38 to $5.50 during the day, before closing at $1.18 less than the previous close on Monday. The shares of Furniture Brands International Inc. (NYSE:FBN) had thereby plunged to new bottoms with the 52 week low price level of the company recorded at $4.38 per share and the 52 week high price level of the company is at $12.74 per share.
Furniture Brands International Inc. (NYSE:FBN) is primarily focused on the design, development, marketing and retail sales of home furnishing. The products of the company are distributed through wide range of channels which include the company’s own store Thomasville retail stores, mass merchant stores, interior designers and independent multiline retailers.
The popular brands of home furnishings provided by Furniture Brands International Inc. (NYSE:FBN) are La Barge, Lane Venture, Pearson, Drexel Heritage, Lane, Broyhill and Thomasville. The company specializes in providing furniture for bedroom, dining, living room and variety of other products.
The shares of Furniture Brands International Inc. (NYSE:FBN) had been trading at heavy volume in the recent days with nearly 781,627 shares being exchanged hands on Tuesday, while the average trading volume of the company is at 64,220 shares per day. Furniture Brands International Inc. (NYSE:FBN) presently holds 8.04 million shares outstanding in the market with an institutional ownership of 42 percent.
