Why Did Burlington Coat Factory Climb 20% This Morning Despite Lackluster Quarterly Earnings?

By |2023-01-24T15:24:52+00:00November 22nd, 2022|Categories: Feature: Stock Market Investing, Featured: News, Hot Stocks|Tags: , , , |0 Comments

Tuesday morning Burlington Coat Factory (BURL) issued its 3rd quarter earnings report. Results for the quarter that ended October 29, 2022, were lackluster, to say the least - with a decrease in total sales, gross margin, and other key categories. And yet, shares of BURL were trading 20% higher as of 6:30 AM this [...]