Why The Michaels Companies Dived by Nearly 9% on Thursday

What comes up, must come down.

That old axiom seems to be at work with The Michaels Companies (NASDAQ: MIK). Earlier this week the stock was a scorcher, following a very bullish update from an analyst at J.P. Morgan. This momentum reversed on Thursday, with the stock of the arts-and-crafts supply retailer retreating on the day.

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Source Fool.com