Aeropostale Shares Showing Strength Following Hummingbird Capital Stake

Shares of Aeropostale

got a boost this morning following news that Hummingbird LLC had taken a 7.96 percent stake in the company. Hummingbird is an investment vehicle for Sycamore, so its holdings are directly attributed to those funds The stake comes as shares rest just off a 5-year low, and look to be giving investors some confidence in early trading. Following the news, shares rose as much as 16 percent, settling on a gain of 13.24 percent to $9.75 at the time of this article, dropping below the key $10 psychological level.