Here's Why Infinera's Shares Popped Today
Shares of Infinera Corp. (NASDAQ: INFN) were rising today after economic data was published showing that retail sales rose in May. Shares of Infinera were up as much as 15.6% before the afternoon.
As of 11:48 a.m. EDT, the company's stock was up 13.9%.
Stocks were rising on Tuesday after the Commerce Department said that retail sales rose by 17.7% in May. Consumers opened their wallets back up in May compared to April, when many businesses were still shut down and retail sales were down 14.7%.
Source Fool.com
