Why Kohl's Stock Gained 15% Last Month
In a difficult environment for retailers, Kohl's (NYSE: KSS) shares were marching higher last month as the company launched a new athleisure brand, unveiled a partnership with Cole Haan, and released a strategic plan to expand its operating margin to 7% to 8%.
That news pushed the stock up 15% in October according to data from S&P Global Market Intelligence, and as you can see from the chart below, the surge came in the third week of the month as the company announced those updates in a two-day span.
Source Fool.com