Why Clear Channel Outdoor Holdings Stock Was Rising Today

Shares of Clear Channel Outdoor Holdings (NYSE: CCO) were going up on Tuesday, a day after the company announced it amended its credit agreement. By itself, that news probably isn't enough for the stock to move as much as it has. Rather, it's likely also going up because of impressive U.S. retail results in May.

As of 11 a.m. EDT, Clear Channel Outdoor stock was up 4%. But it had traded 13% earlier in the session.

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Source Fool.com