Shares of Victoria’s Secret-parent L Brands, Inc. (NYSE: LB) were bouncing back last month after the company posted better-than-expected results for the month of March. Shares finished April 12% higher according to data from S&P Global Market Intelligence.
Image source: L Brands.
As the chart below shows, the stock rallied on the monthly sales report at the beginning of April and continued to move higher on the momentum.