Is Five Below Finally Starting to Rise Above?
Shares of Five Below (NASDAQ: FIVE) have been moving higher in recent weeks. A "beat and raise" quarterly update on Wednesday afternoon and tapping a new CEO should keep gains coming.
The cheap-chic retailer has been a wild ride for investors this year. Five Below shares were trading 70% lower year to date when they bottomed out in August. The chain that is popular with teens and pre-teens looking to find merchandise trading for five bucks or less has seen its stock nearly double since hitting that four-year low.
Rising stock prices come with heightened expectations. With Five Below's turnaround still in the process of coming around and the mystery that is standard with any new outsider CEO, it's easy for bears to argue that the shares have recovered before Five Below has followed suit. But let's hear the optimists out.
Source Fool.com
