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Why Children's Place Stock Jumped Today

TheMotleyFool

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Why Children's Place Stock Jumped Today: https://g.foolcdn.com/editorial/images/709932/clothing-hanging-on-a-rack-in-a-store-fashion-retail-apparel-clothes.jpg

Shares of children's apparel retailer Children's Place (NASDAQ: PLCE) were moving higher today after the company reported mixed results in its third-quarter earnings report this morning.

The stock actually opened lower today but gained over the course of the trading session, perhaps because investors believed the apparel stock was oversold.

After opening the day down 10.7%, Children's Place rallied to finish up 7.7%.

Source Fool.com

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