Here's What Sent Purple Innovation Stock Higher on Wednesday

Shares of Purple Innovation (NASDAQ: PRPL), maker of mattresses and other sleep products, went up on Wednesday after attracting some prominent analyst attention. After market close on Tuesday the company was cast in a positive light on CNBC's Fast Money show. This came after an Oppenheimer analyst maintained their buy rating on the stock earlier in the day.

As of 3:30 p.m. EDT, Purple Innovation stock was up 10% and had climbed a remarkable 216% so far in 2020.

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Source Fool.com