Why Levi Strauss Stock Surged 15% in December
Shares of iconic jeans brand Levi Strauss (NYSE: LEVI) gained 15% last month, according to data provided by S&P Global Market Intelligence.
There wasn't any company-specific news to send the shares higher. Instead, strong e-commerce sales during the holidays provided a small lift for retail stocks over the last month. Strong online sales could particularly help Levi's, given that the direct-to-consumer (DTC) channel has been a strength for the brand.
Image source: Levi Strauss.
Source Fool.com
