Express (EXPR) Stock: Over 10% Increase Explanation

By Amit Chowdhry ● May 13, 2021
  • The stock price of Express, Inc. (NYSE: EXPR) increased by over 10% during intraday trading. This is why it happened.

The stock price of Express, Inc. (NYSE: EXPR) increased by over 10% during intraday trading. There was no direct news from the company today so it appears that there are external factors in play.

It appears that the increase of AMC today triggered a “meme” stock frenzy today by retail investors. Express is part of a group of stocks that were short-squeezed in late January by the r/WallStreetBets community on Reddit. So when the stock price of a company in that group increases, the others also tend to increase as well.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.