Strength Seen in Ralph Lauren (RL): Can Its 3.5% Jump Turn into More Strength?

Ralph Lauren (RL) shares soared 3.5% in the last trading session to close at $230.28. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.4% gain over the past four weeks.Ralph Lauren’s stock movement stems from investors’ confidence in its prospects. The company is benefiting from strong brand recognition, and expansion across channels and regions. RL has been experiencing growth in its digital and omnichannel business, significan ...