Five Below Drops After Strong Quarter as Traders React
Five Below shares dropped in late trading Wednesday, giving up gains from the regular session. Investors set aside the strong quarterly numbers and instead questioned how long the teen-focused discount chain can keep up its sales momentum. The stock last changed hands at $194.87 in after-hours trading, down 12.6%. It finished the regular Nasdaq session 1.1% higher at $222.89. About 3.1 million shares traded during the regular session, close to three times the average volume.