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Why Naked Brand Group Stock Was Up More Than 15% on Tuesday

·2 min read
Why Naked Brand Group Stock Was Up More Than 15% on Tuesday
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Shares of intimate apparel retailer Naked Brand Group (NASDAQ: NAKD) were up as much as 20% on Tuesday with traders from Reddit and Twitter piling into the stock. Naked Brand Group was one of the meme stocks that soared back in January along with the mania in GameStop stock. The current share price is $0.58, making it a penny stock.