Purple Innovation Stock Is Soaring 12% Today
Shares of Purple Innovation (NASDAQ: PRPL) were jumping over 12% in midday trading after the bedding maker posted higher than expected sales and profits.
Considering the ruined state of retail these days due to the COVID-19 pandemic, Purple's ability to grow sales 46% in the first quarter, generating a 140% increase in net profit, is a remarkable achievement.
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Source Fool.com
