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Why Ollie's Bargain Outlet Stock Was Up 50% in the First Half of 2020

TheMotleyFool

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Why Ollie's Bargain Outlet Stock Was Up 50% in the First Half of 2020

Shares of Ollie's Bargain Outlet Holdings (NASDAQ: OLLI) rose 49.5% in the first half of 2020, according to data provided by S&P Global Market Intelligence. As a retailer of essential goods, it was able to stay open throughout the coronavirus shutdown. And as a discount retailer, it was a strong consideration for consumers wanting to save money during uncertain economic times.

The last few months have completely reversed the trend for Ollie's Bargain Outlet stock. Prior to the pandemic, shares were slipping due to the company's lackluster results.