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Why Ollie's Bargain Outlet Stock Fell 9% on Friday

TheMotleyFool

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Why Ollie's Bargain Outlet Stock Fell 9% on Friday

Shares of Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) got crushed on Friday after the company reported earnings for the second quarter of 2020. The stock dropped 9% for the day, but the company's financial results were actually really strong, and trends look good for the upcoming third quarter.

The trends driving Ollie's good results in Q2 might not be there going forward, and investors are likely getting nervous about that. And considering the stock has more than tripled from 2020 lows, investors are doubly enticed to bank profits now.