Why These Retail-Chain Stocks Are Up Sharply Today
Shares of several brick-and-mortar retail chains surged on Wednesday, despite some analyst downgrades, on growing investor optimism about the potential path of the post-coronavirus economic recovery.
Here's where things stood for these three companies as of 3 p.m. EDT, relative to their closing prices on Tuesday:
All three of these companies are in much the same place: All have closed their brick-and-mortar stores in the U.S. and Canada, all are making the most of their online storefronts to the extent they're able, and all have made moves to conserve cash and bolster their balance sheets.
Source Fool.com
