Why Five Below's Stock Is Moving Higher Monday

Five Below Inc FIVE shares are trading higher by 2.2% at $226.56 Monday morning after JP Morgan maintained an Overweight rating on the stock and raised its price target from $235 to $250.

Five Below shares are trading higher by 7.9% over the past 5 sessions and 24.5% over the past month amid reopening optimism.

Five Below is a value-oriented retailer that operated 1,020 stores in the United States as of the end of fiscal 2020. Catering to teen and preteen consumers, stores feature a wide variety of merchandise, the vast majority of which is priced at or below $6.

Five Below has a 52-week high of $227.71 and a 52-week low of $106.05.