Chico's FAS (CHS) Jumps on Strong Q2 Results

Chico's FAS, Inc.

shares rose 6.2% to $14.69 after the company reported stronger-than-expected results for the second quarter. The company also announced its plans to sell the Boston Proper direct-to-consumer business and close its existing stores. Share volume was 411,000, compared to an all-day average of 654,000