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Christopher & Banks (CBK) Climbed To A New High On Sales Forecast

Christopher & Banks (CBK) announced after the bell Tuesday that it now expects to report a comparable store sales increase in the high teens for the fourth quarter, compared to its previous guidance of an increase in the high single to low double digits.

Christopher & Banks gapped open higher Wednesday and rose during the first hour of trade. The stock closed up by 0.74 at $6.41 on strong volume and surged to a new high for the year.

by RTT Staff Writer

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