Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Children's Place Stock Gained 35% in July

TheMotleyFool

0 0

Why Children's Place Stock Gained 35% in July: https://g.foolcdn.com/editorial/images/743334/sale-discount-bargain.jpg

Shares of Children's Place (NASDAQ: PLCE), the leading specialty children's apparel retailer, were moving higher last month on a combination of factors. These included layoffs and cost-cutting measures announced at the end of June, signs that the broader economy was recovering, and a big insider stock buy by CEO Jane Elfers.

According to data from S&P Global Market Intelligence, the stock finished July up 35%.

As you can see from the chart below, the stock climbed steadily over the course of the month after popping on July 6 when Elfers bought stock in the company.

Source Fool.com

Like: 0

PLCE

Share