Why Children's Place Stock Gained 35% in July
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