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Why Revolve Group Stock Exploded Higher on Friday

TheMotleyFool

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Why Revolve Group Stock Exploded Higher on FridayPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

It was a quiet start to the day, with shares of fashion company Revolve Group (NYSE: RVLV) trading around 2% higher. Then out of nowhere, shares quickly flew up 34%. By the end of the trading session, they were still up 25%.

So what jaw-dropping news broke early this morning? Well, nothing. In the absence of news, here's why today's move could be the start of a short squeeze.

Image source: Getty Images.

Source Fool.com

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