PLCE - Why Children's Place Stock Gained 35% in July
2023-08-08 17:27:04 ET
Shares of Children's Place (NASDAQ: PLCE) , the leading specialty children's apparel retailer, were moving higher last month on a combination of factors. These included layoffs and cost-cutting measures announced at the end of June, signs that the broader economy was recovering, and a big insider stock buy by CEO Jane Elfers.
According to data from S&P Global Market Intelligence , the stock finished July up 35%.
As you can see from the chart below, the stock climbed steadily over the course of the month after popping on July 6 when Elfers bought stock in the company.
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Why Children's Place Stock Gained 35% in July