Retail Stock Soars to Record Highs After Earnings

Dick's Sporting Goods Inc (NYSE:DKS) stock is gapping to record highs today, up 13.2% to trade at $212.54 at last glance, earlier hitting a peak of $222.92. The athletic retailer said its fourth quarter was its largest regarding sales on record, and also issued an upbeat 2024 forecast. Plus, the company raised its quarterly dividend to 10%. Before today's surge, DKS had been moving steadily higher since late November, with support from its 20-day moving average snapping back into place in January. Since the ...