Five Below Stock Surges on Positive Analyst Ratings

Five Below shares surged by 1.6% today, reaching a new 52-week high, following positive analyst ratings from Truist and Morgan Stanley. The discount retailers impressive third-quarter results, with a 23.4% revenue increase and a 14.3% sales boost at existing stores, fueled these optimistic views. Despite the initial surge, shares closed up 1.7% from the previous day, indicating a mixed market reaction to the news.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.