Shares of apparel stocks are trading higher after Urban Outfitters reported better-than-expected Q1 results.
Portfolio Pulse from Benzinga Newsdesk
Shares of apparel stocks are trading higher after Urban Outfitters reported better-than-expected Q1 results.
May 21, 2024 | 8:14 pm
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POSITIVE IMPACT
American Eagle Outfitters shares are trading higher in sympathy with Urban Outfitters' strong Q1 results.
AEO shares are likely to rise as investors react positively to the strong performance of a peer company in the apparel sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Gap Inc. shares are trading higher in response to Urban Outfitters' better-than-expected Q1 results.
GPS shares are likely to rise as investors react positively to the strong performance of a peer company in the apparel sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Urban Outfitters reported better-than-expected Q1 results, leading to a rise in its stock price.
The better-than-expected Q1 results directly impact Urban Outfitters' stock price positively.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100