Why Shares of Express Are Jumping Today

·2 min read
Why Shares of Express Are Jumping Today

Shares of Express (NYSE:EXPR), which closed at $4.69 on Friday, opened at $4.73 on Monday and kept climbing, hitting $5.33 just after midday, a rise of 13.6% over the previous trading day. CEO Tim Baxter has been bullish on the company's turnaround chances this summer, and that has helped to drive the stock. Express, a so-called meme stock with plenty of ardent retail investors, has been on a roller coaster ride for a while.

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