Why American Eagle Stock Finished Up 12% Last Month
Shares of American Eagle Outfitters (NYSE: AEO) rose again last month as the teen apparel retailer gained on momentum following a strong third-quarter earnings report and announced that it was reinstating its dividend at the beginning of December. The stock also rose at the end of the month on speculation that the company had a good holiday season.
According to data from S&P Global Market Intelligence, the stock finished the month up 12%.
As you can see from the chart below, the stock's gains came mostly at the beginning of the month.
Source Fool.com
