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LightInTheBox Stock Volatile After Company Reports Impressive Revenue Growth

TheMotleyFool

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LightInTheBox Stock Volatile After Company Reports Impressive Revenue Growth

Chinese e-commerce company LightInTheBox Holding (NYSE: LITB) reported results for the second quarter of 2020 demonstrating impressive revenue growth and profitability. And investors apparently loved the report before the market opened. The stock opened 26% higher than where it closed the day before.

However, LightInTheBox stock has been free-falling since, down 8% as of 11 a.m. EDT.

Image source: Getty Images.

Source Fool.com

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