Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Lovesac Stock Soared Today

TheMotleyFool

0 0

Shares of The Lovesac Company (NASDAQ: LOVE) soared on Tuesday morning, after the company reported strong earnings for the first quarter of fiscal 2021 that easily topped Wall Street's expectations. As of 11:30 a.m. EDT, the stock was trading 35% higher, but had traded even higher earlier in the session.

Given the strength of the Q1 report, it's fair to wonder how much longer The Lovesac Company stock will stay down. It's still down over 30% from highs reached in 2019. But as we'll see, shareholders should consider one ongoing concern.