Why The RealReal's Stock Is Up So Much Today
Shares of The RealReal (NASDAQ: REAL) are going up a lot on Monday. As of 2 p.m. EDT, shares were up 18% as they continue their climb from March lows. The stock bottomed at $5 per share in late March but has now rallied around 140%.
Retail stocks are trading higher today in general as investors are seemingly optimistic about the imminent reopening of the U.S. economy. But there's no news today to directly explain The RealReal's outperformance. However, there are recent developments investors should know if they're considering buying a stock that's still down 60% from 52-week highs.
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Source Fool.com
