Why Dick's Sporting Goods Stock Was Surging Today
Shares of Dick's Sporting Goods (NYSE: DKS) were moving higher today after the sporting goods retailer posted better-than-expected results in its fourth-quarter earnings report, as well as raised its dividend by 10%.
The update showed that Dick's was continuing to execute during a challenging time for discretionary retailers as well as sporting goods peers like Foot Locker.
As of 2:12 p.m. ET, the stock was up 15.6%.
Source Fool.com
