Boston, MA 06/06/2013 (wallstreetpr) – The shares of Furniture Brands International (NYSE:FBN) had surged by 17.01 percent to close at $5.16 per share for the end of last trading session on Wednesday. The shares of the company were trading in the range of $4.60 to $5.21 per share during the day. The shares of Furniture Brands International (NYSE:FBN) had recorded 52 week low price level of $4.38 per share and 52 week high price level of $12.74 per share.
Furniture Brands International (NYSE:FBN) is involved in the design, manufacture and supply of home furnishings with product categories such as living room, bedroom and dining room furniture, stationary upholstery products like sofas, chairs and sectionals, motion upholstered furniture like recliners and sleep sofas and occasional furniture like decorative accessories, glass tables, home entertainment centres etc.
Furniture Brands International (NYSE:FBN) markets its products through its own Thomasville retail stores and through interior designers, multi line independent retailers and mass merchant stores. The shares of the company had recently been trading at higher level of prices and heavy trading volumes, which are above the average levels.
The shares of Furniture Brands International (NYSE:FBN) had experienced a heavy trading volume on Wednesday, with nearly 405,857 shares being exchanged hands in the market, while the average trading volume of the home furnishings company is at 89,814 shares per day.
Furniture Brands International (NYSE:FBN) presently holds 8.04 million shares outstanding in the market and the institutional ownership in the company is at 42 percent of its holdings.
