Why Five Below, Sportsman's Warehouse, and Duluth Holdings All Moved by 10% Today
Shares of cheap chic retailer Five Below (NASDAQ: FIVE) jumped as much as 10.5% or so in the first hour of trading on Sept. 3. Following right along was "hands-on" lifestyle retailer Duluth Holdings (NASDAQ: DLTH), which rose about 11.5%. Bucking the trend here was Sportsman's Warehouse Holdings (NASDAQ: SPWH), which fell nearly 12%.
All of the dramatic moves had waned by 11 a.m. EDT. At that point in the trading day gains at Five Below and Duluth had been pared to around 7%. Sportsman's Warehouse, meanwhile, had clawed back some of its losses and was down by roughly 10%. The key driver in all of these moves, meanwhile, was earnings.
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Source Fool.com
