Express (EXPR) Extends Rally On Short Squeeze Buzz: Now What?

One of the best practices for investors is to keep an eye on some of the stocks that have managed to record significant gains in recent days and then make a decision accordingly.

A stock that could be ignored at this point is that of retailer Express, Inc. (NYSE: EXPR), which has seen its stock surge by as much as 400% over the course of the past two weeks. Till until last week, Express was a stock that had a considerable short position.

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However, all that was flopped on its head owing to the remarkable rally in the GameStop stock. Express emerged as one of the major gainers after the managing partner of Citron Andrew Left announced that it was winding down its short position in the Express stock.

In recent days, many such stocks have surged after being targeted by members of the Reddit community WallStreetBets. It remains to be seen if the Express stock can continue to add to its gains this week.

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Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.