Shares of several retail-chain operators were trading higher on Monday, amid a broad-based market rally driven by promising news from an early COVID-19 vaccine trial.
Here's where things stood as of 1:45 p.m. EDT for these three stocks, relative to their closing prices on Friday.
The broad market's Monday rally was kicked off by news that interim data from an early study of a COVID-19 vaccine developed by Moderna (NASDAQ: MRNA) showed positive results. While the data is very preliminary, and an approved, mass-produced vaccine is still many months away (at best), investors took it as good news and bid up shares of many companies that have been hit hard over the last couple of months.