Why American Eagle Stock Was Gaining Today
Shares of teen apparel retailer American Eagle Outfitters (NYSE: AEO) were climbing today despite no specific news out on the stock. Instead, an announcement from rival L Brands (NYSE: LB), the parent of Victoria's Secret, seemed to boost the shares.
As of 11:16 a.m. EDT, American Eagle stock was up 7.5% while L Brands had surged 32.8%.
Image source: American Eagle Outfitters.
Source Fool.com
