Shares of retail and apparel companies, including Party City Holdco Inc (NYSE:PRTY), are trading higher amid overall market strength as investors react to March inflation data.
While CPI data showed consumer prices rose 8.5%, Core CPI came in slightly below estimates. The index for all items less food and energy rose 0.3% in March following a 0.5% increase the prior month. The index for apparel rose 0.6% in March.
Party City is a party goods retailer in North America that operates owned and franchised locations.
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Party City is trading higher by 5.43% at $3.69. Party City has a 52-week high of $11.06 and a 52-week low of $3.12.
