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PRPL - Here's What Sent Purple Innovation Stock Higher on Wednesday
Purple Innovation Inc.
Shares of Purple Innovation (NASDAQ: PRPL) , maker of mattresses and other sleep products, went up on Wednesday after attracting some prominent analyst attention. After market close on Tuesday the company was cast in a positive light on CNBC's Fast Money show. This came after an Oppenheimer analyst maintained their buy rating on the stock earlier in the day.
As of 3:30 p.m. EDT, Purple Innovation stock was up 10% and had climbed a remarkable 216% so far in 2020.