Why Express, Revlon, and PetMed Express Were Soaring Today
Shares of Express (NYSE: EXPR), Revlon (NYSE: REV), and PetMed Express (NASDAQ: PETS) were jumping again as a massive short squeeze on consumer stocks continued into its third day. The squeeze instigated by a group of traders on Gamestop has now spread to other heavily shorted stocks, including AMC Entertainment Holdings and Bed Bath & Beyond, in addition to the group of stocks above. As of 12:13 p.m. EST, Express was the big winner of the bunch, up a whopping 202%, while Revlon had gained 26.2% and PetMed Express was up 20.7%.
