Why Urban Outfitters Stock Is Soaring Today
Shares of Urban Outfitters (NASDAQ: URBN) are soaring today after the company reported results for the second quarter of its fiscal 2021. This brick-and-mortar clothing retailer was left for dead by investors, but it reported a surprise profit in Q2. Its business is improving more than expected.
Beating low expectations can lead to big spikes in a stock's price, and that's true of Urban Outfitters today. As of 10:30 a.m. EDT, shares are trading 24% higher.
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Source Fool.com
