Christopher & Banks (CBK: Quote) 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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