Why Designer Brands Stock Jumped 60% Last Month

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Shares of Designer Brands (NYSE: DBI) were charging higher last month. The DSW parent seemed to benefit from a number of trends, even though there wasn’t much news out on the stock. Other hard-hit retail stocks also gained last month as investors looked ahead to the end of the pandemic. Designer Brands also benefited from the short-squeeze rally at the end of the month.

According to data from S&P Global Market Intelligence, the stock finished the month up 60%. The chart below shows its trajectory.

DBI Chart

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