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Stock Alert: Party City Rises 5%

Shares of party supply retail chain Party City Holdco Inc. (PRTY) are trading up 5 percent on Tuesday despite there being no company announcement to impact the stock.

The company recently reported first-quarter net loss of $14.1 million or $0.13 per share, lower than net loss of $541.5 million or $5.80 per share in the same period last year.

Net loss, excluding certain items, came in at $5.41 million or $0.05 per share, compared to net loss of $26.4 million or $0.28 per share in the year-ago quarter.

Quarterly sales rose to $426.8 million from $414.0 million last year.

The stock is currently trading at $9.60, up $0.50 or 5 percent on the on the NYSE.

PRTY has traded between $0.52 and $10.28 during the past 52 weeks.

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