MIK - Why The Michaels Companies Stock Gained 21% in November
The Michaels Companies (NASDAQ: MIK) stock outperformed a surging market in November. Shareholders gained 21% compared to the 11% increase in the S&P 500 , according to data provided by S&P Global Market Intelligence .
The rally put the retailer back in solidly positive territory for the year, although it mostly erased losses from the prior month.
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Why The Michaels Companies Stock Gained 21% in November