Five Below Does About Face After Q4 Report

Five Below inc

shares are trading higher by $3 at $41.89 in Wednesday's session. After a Q4 EPS beat of a penny with a slight beat for revenues, initially the Street was spooked modestly lower guidance for the FY 2016. After a lower open, it immediately bottomed at $37.50 and began to rocket higher. The ensuing rally has taken the issue to $41.99 and at this time has not backed out very far. This marks the highest level for the issue since it peaked on January 8, 2015 at $43.75.