Five Below Stock Jumps on New CEO, Raised Outlook
Five Below(FIVE) Investopedia·2024-12-05 12:50KEY TAKEAWAYSShares of Five Below are soaring in premarket trading after the discount retailer announced a new CEO and raised its outlook for the year, noting "solid" Black Friday sales.On Thursday, Five Below announced it had appointed Forever 21’s Winnie Park as its new CEO.Investors cheered the company’s raised outlook, which the discount retailer had lowered in the second quarter. Shares of Five Below (FIVE) are soaring more than 13% in premarket trading after the discount retailer announced a new CEO a ...