Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Party City Stock Popped Today

TheMotleyFool

0 0

Shares of Party City (NYSE: PRTY) were moving higher today, though there was no direct news out on the stock. Instead, a short squeeze seemed to be propelling the stock higher. The stock is heavily shorted with 41% of the float bet against, and shares closed up 9.2% today high on volume.

Party City stock plunged in November as the company reported disappointing third-quarter earnings. It blamed soft Halloween results, and helium shortages, as balloons are a significant component of the company's business.

Image source: Getty Images.

Source Fool.com

Like: 0

PRTY

Share