don't be fooled, this is a short term spike. will fall hard tmrw with macro factors. reason it is up is because their earnings- though they missed- weren't as bad as everyone thought. regardless, this is a relief, followed by a fall. shorted 1000x at 16.31
Good point but. The apparel retailer earned 27 cents per share for the second quarter, missing estimates by five cents, with revenue short of consensus as well. Comparable store sales fell 2.6 percent. And inventories are rising.