Why Urban Outfitters' Stock Is Rising Today
Shares of Urban Outfitters (NASDAQ: URBN) were rising on Thursday on growing investor optimism about the recovery of brick-and-mortar retailers as U.S. states continued to lift restrictions on travel.
As of 1:45 p.m. EDT, Urban Outfitters' shares were up about 4.2% from Wednesday's closing price.
Urban Outfitters' shares didn't appear to be moving on any news or issues specific to the company. Instead, they were rising along with other brick-and-mortar retail stocks as investors appeared to be growing more optimistic about retailers' post-coronavirus prospects.
Source Fool.com