Pandemic Trends and Online Sales Send Michaels’ Stock Soaring

Following a slow start to 2020, Michaels appears to be making up for lost time: The arts-and-crafts retailer’s stock is up over 50% today compared to Friday’s close. The sharp ascent came as analysts at JP Morgan upgraded their outlook for the company, stating that Michaels’ new CEO, Ashley Buchanan, could “turn the tide of…

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