Why Designer Brands Is Soaring 14% Today
Shares of Designer Brands (NYSE: DBI) soared 14% higher in late-day trading Thursday on no news specific to the company -- but the stock has been on a roll in recent months and has more than doubled from where it traded at the end of October.
It's not just Designer Brands that rose today, a day when the broader market essentially went nowhere. Almost all apparel stocks were higher, though hardly anyone gained nearly as much as the designer footwear specialist did.
Image source: Designer Brands.
Source Fool.com
