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PLCE - Why The Children's Place Stock Was Charging Higher Today
Children's Place Inc. (The)
Shares of The Children's Place (NASDAQ: PLCE) were climbing today even after the company issued a disappointing first-quarter earnings report. The stock's gains seem to be more of a reflection of negativity already being priced into the stock, rather than any reason to cheer the results, though profitability was still improved compared to pre-pandemic levels.
Shares of the children's apparel retailer were up 12.2% as of 2:06 p.m. ET on Thursday.