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Why American Eagle Stock Soared Today

Rich Smith, The Motley Fool
·2 min read
Why American Eagle Stock Soared Today
In this article:
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It's been a whole trading week since the last time American Eagle Outfitters (NYSE: AEO) investors had reason to be happy, with five straight days of nothing but falling share prices. On the day before American Eagle reports its first-quarter financial results, it finally caught an updraft, and as of 12:40 p.m. ET it's soaring 10.4% higher. Let's consider: Heading into Q1 earnings, analysts are forecasting that American Eagle's sales will rise 10% year over year to $1.14 billion.

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