Strength Seen in The Children's Place (PLCE): Can Its 16.4% Jump Turn into More Strength?
PLCEThe Children's Place(PLCE) ZACKS·2024-06-25 00:45

The Children's Place (PLCE) shares ended the last trading session 16.4% higher at 7.96.Thejumpcameonanimpressivevolumewithahigher−than−averagenumberofshareschanginghandsinthesession.Thiscomparestothestock′s41.57.96. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 41.5% loss over the past four weeks. The Company recently received 78.6 million in interest-free, unsecured, and subordinated loans from its new majority shareholder, Mithaq, as new capital. On April 17, 2024, it secured an additional $90 million unsecured and subordinated term l ...