Here's Why Advance Auto Parts Stock Popped Today

Shares in auto parts retailer Advance Auto Parts (NYSE: AAP) rose by 7.4% by 12:30 today. The move comes on a day of a sharp correction in oil and gasoline prices after the Trump administration suggested there might be a resolution to the current conflict. Why Advance Auto's stock does well when gasoline prices fall High gasoline prices discourage driving by making it more expensive, and fewer miles driven mean fewer accidents on the road and less vehicle wear and tear. That's bad news for auto parts retai ...