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Why Children's Place Stock Gained 35% in July

TheMotleyFool

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Why Children's Place Stock Gained 35% in JulyPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Shares of Children's Place (NASDAQ: PLCE), the leading specialty children's apparel retailer, were moving higher last month on a combination of factors. These included layoffs and cost-cutting measures announced at the end of June, signs that the broader economy was recovering, and a big insider stock buy by CEO Jane Elfers.

According to data from S&P Global Market Intelligence, the stock finished July up 35%.

As you can see from the chart below, the stock climbed steadily over the course of the month after popping on July 6 when Elfers bought stock in the company.

Source Fool.com

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