Dick's Stock Moves Goalposts, Declares Touchdown
Well, that was certainly a surprise!
After trading down as much as 13% early Wednesday morning, due to first-quarter 2022 financial results that showed same-store sales down 8.4% and adjusted profits falling 29% year over year, Dick's Sporting Goods (NYSE: DKS) shares rebounded sharply later in the day. By the time the closing bell struck, Dick's had recovered all its losses, flipped from red to green, and ended the day up 9.7%. So what convinced investors to turn a loss into a win for Dick's?
Image source: Getty Images.
Source Fool.com
