What's Going On With Children's Place Stock Today?

Children’s Place, Inc. PLCE shares are pulling back Monday following large gains after the company posted a second-quarter earnings beat last week.

The Details:

Children's Place shares jumped last week following the company's second-quarter earnings release. Children's Place beat earnings expectations, though quarterly sales declined, which the company attributed to cost-cutting measures, significantly improved profitability. 

Additionally, stores saw a positive comparable store sales result for the first time since 2021, driven by stronger units per transaction and conversion metrics and improving traffic trends, while wholesale business rebounded with double-digit growth.  

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Though Children's Place stock is pulling back Monday, it remains up by more than 160% over the past five days. According to data from Benzinga Pro, Children's Place shares are trading well-above the stock’s 50-day moving average of $7.31 and 53.68% of shares are being sold short which may be contributing to the volatility.

How To Buy PLCE Stock:

By now you're likely curious about how to participate in the market for Children’s Place – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

PLCE Price Action: According to Benzinga Pro, Children's Place shares are down 16.2% at $12.17 at the time of publication Monday.

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Image: Gerd Altmann from Pixabay