Why Deckers Stock Popped Today
Shares of Deckers (NYSE: DECK) were among several footwear stocks climbing today, seemingly in response to a blowout September jobs report, which reassured investors about the strength of the economy, as well as the end of the dockworkers' strike, as both sides came to an agreement until at least Jan. 15. Shoes were among the products expected to be affected by the strike, so it's not surprising to see footwear stocks, including Skechers and On Holdings, rising broadly on the news.
Deckers stock closed up 6.4%, even as there was no company-specific news out on the stock.
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Source Fool.com
