Stock Of The Day: Williams-Sonoma Gaps Up, Stalls Out
Williams-Sonoma(WSM) Benzinga·2024-11-22 03:13
After a move higher of almost 30%, shares of Williams-Sonoma, Inc. WSM are trading a little lower on Thursday. This is mostly because of two dynamics. One is profit-taking. The second is remorseful buyers taking advantage of the move to exit their losing positions at breakeven.This is why it is our Stock of the Day.The shares gapped higher after the company posted strong earnings. A “gap” occurs when a stock closes at one price and opens the next day at a price that is much higher. As you can see, that was ...