Container Store, Up 26%, Retreats From Highs After Beat And Raise

Container Store Group Inc TCS shares are trading higher by $1.12 (26 percent) at $5.27 in Wednesday's session.

The catalyst for the rally is a Q4 EPS beat of eight cents along with a revenue beat of $6.3 million. The company also substantially increased FY 2017 EPS and sales guidance.

After a higher open, the stock continued in that direction before peaking at $6.07 and reversing course. That marks the first time the stock has been over $6.00 since January 20, when it peaked at $6.03 and ended the session at $5.88.

The stock has continued to make new lows for the session, with the current one standing at $5.18. In order to reach the upper-end of Tuesday's session, it would need to fall to $4.25.