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PRPL icon

PRPL

2.62 USD

-6.72%

Today

-15.25%

1D

Market is closed

Sun

Closed

Mon

4:30 PM ~ 10:59 PM

Tue

4:30 PM ~ 10:59 PM

Wed

4:30 PM ~ 10:59 PM

Thu

4:30 PM ~ 10:59 PM

Fri

4:30 PM ~ 10:59 PM

Sat

Closed

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Information

Name

Purple Innovation Inc

Currency

USD

Market Cap

11.00M

Avg Daily Volume

35.67K

52 Week High

21.75 USD

52 Week Low

1.83 USD

Trading Hours

See hours

Business Summary

Purple Innovation, Inc. designs, manufactures, and sells sleep and other products in the United States and internationally. It provides mattresses, pillows, sheets, foundations, waterproof mattress protectors, bases, and seat cushions, as well as blankets and duvets. The company markets and sells its products through its direct-to-consumer e-commerce channels, retail brick-and-mortar wholesale partners, third-party online retailers, and Purple showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah.

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Frequently Asked Questions

What are cyclical stocks in trading?

Cyclicals are stocks that move in line with the broader economy. They perform well during economic booms and tend to decline during recessions.

Why do traders invest in cyclical sectors?

Traders use cyclicals to capitalize on economic recovery phases, often seeking high returns when consumer spending and business investment rise.

What industries fall under cyclicals?

Automobiles, travel & tourism, retail, restaurants, and luxury goods are common cyclical industries.

Are cyclical stocks risky?

They can be. While they offer growth potential, they are more volatile and sensitive to economic changes compared to defensive sectors.