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Why Michaels Stock Jumped Today

TheMotleyFool

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Why Michaels Stock Jumped TodayPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png

Michaels (NASDAQ: MIK) stock continued to dazzle investors today as the arts-and-crafts retailer posted another quarter of strong earnings, buoyed by demand for at-home hobbies during the pandemic and improvements in its e-commerce operations.

As of 12:53 p.m. EDT, the stock was up 13.5%.

Image source: Getty Images.

Source Fool.com

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