Top movers | KSS jumps 8% on strong sales data; AFRM, AMC rebound
1. $Kohl's(KSS)$ soars 8.06% following robust september retail sales report
$Kohl's(KSS)$ experienced an 8.06% increase in its stock price on that particular day due to a U.S. Census Bureau report indicating that retail sales in September rose higher than expected.
This was the stock s second consecutive day of gains.
2. $Affirm Holdings, Inc.(AFRM)$ rebounds 5.77% after the plunge in late September
AFRM has been performing well since its last earnings. But its shares began to dip in late September as the company warns of increased funding costs.
Earnings Highlights in August
Adjusted EPS: -69 cents vs. -85 cents
Revenue: $446 mln vs. $406 mln
3, $AMC Entertainment(AMC)$ added 5.68% on strong expectations for box office numbers
$AMC Entertainment(AMC)$ has been up 23.40% this month as investors expect for a strong third quarter.
Taylor Swift's concert film "The Eras Tour," which generated nearly $100 million in ticket sales over a weekend, have contributed to the positive sentiment.
Major blockbusters like "Barbie" and "Oppenheimer" has boosted expectations for record-breaking box office numbers in the coming quarters.
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