Shares of Ollie’s Bargain Outlet rose 3.4% after opening their 600th store in New Hampshire, signaling growth and national expansion. The stock also benefited from a strong U.S. economic outlook, with retail sales increasing and unemployment claims dropping. The second quarter earnings season started strong, with many companies surpassing expectations. Ollie’s stock closed at $131.93, up 3.6%. While today’s move was significant, the market sees it as positive news without fundamentally changing perceptions. Ollie’s has shown progress and is up 21.8% since the beginning of the year, trading near its 52-week high.
Read more at StockStory: Ollie’s (OLLI) Stock Trades Up, Here Is Why