Express jumps 26% as smaller-than-expected loss meets meme-stock momentum
Traders on the floor of the New York Stock Exchange.
Timothy Clary/AFP/Getty Images
Express shares jumped 26% after apparel retailer posted a fourth-quarter loss of $0.66 a share, less than anticipated.The clothing retailer and fan favorite among Reddit retail investors is aiming for $1 billion in online sales.Trading volume of more than 100 million shares outstripped average daily volume.See more stories on Insider's business page.
Express shares staged a double-digit run higher Wednesday afte
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