Advanced Auto Parts, Inc. AAP shares are trading higher by $23.95 (16 percent) at $166.85 in Tuesday's session. The catalyst for the rally is a Q3 beat of a penny along with a slight beat for revenues.
After a higher open, it had a quick decline to $161.53 before resuming its move higher. It has continued to make highs for the session with the current one standing at $166.90.
That high is above its August 16 high ($165.40), but still well shy of its August 15 high ($169.90).
The all-time-high for the issue was made in November 2015 at $201.24. However, it weakened by the end of that month to close at $162.73.
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