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Why Urban Outfitters Stock Is Soaring Today

TheMotleyFool

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Why Urban Outfitters Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Shares of Urban Outfitters (NASDAQ: URBN) are soaring today after the company reported results for the second quarter of its fiscal 2021. This brick-and-mortar clothing retailer was left for dead by investors, but it reported a surprise profit in Q2. Its business is improving more than expected.

Beating low expectations can lead to big spikes in a stock's price, and that's true of Urban Outfitters today. As of 10:30 a.m. EDT, shares are trading 24% higher.

Image source: Getty Images.

Source Fool.com

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