Dick's Sporting Goods stock shot up nearly 20% after the company announced earnings that beat expectations.
Dick's Sporting Goods stock shot up nearly 20% on Tuesday after the company announced earnings that beat expectations.
Shares on Wednesday were down slightly from Tuesday's high but were still trading 17% above Monday's closing price. "As we head into the holiday season, we remain very enthusiastic about our business, and we are pleased to increase our full year sales and earnings outlook for the third time this year," Stack added in a statement.
CEO Stack announced the decision in the wake of the school shooting in Parkland, Florida, that left 17 people dead. The gunman behind the shooting rampage at Marjory Stoneman Douglas High School had bought a gun at Dick's in 2017. It was not the gun nor the kind of gun used in the massacre, however.
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