Why PLBY Group Stock Jumped Nearly 20% at the Open Today

Why PLBY Group Stock Jumped Nearly 20% at the Open Today

Shares of PLBY Group (NASDAQ: PLBY), which describes itself as a pleasure and leisure company, rose as much as 20% in early trading today. If the gain is news driven, as was the case for PLBY Group yesterday, new investors often pile in. The quick answer is that research firm Hedgeye labeled PLBY Group a "best idea" stock.