After Express reported higher-than-expected earnings for the third quarter, shares rose by double digits in the intraday trading on December 2. EXPR is likely to be challenged by market volatility and supply chain disruptions in the future. Continue reading to learn more. Express, Inc., an apparel and accessory manufacturer based in Columbus, Ohio, exceeded consensus expectations in the fiscal third quarter ending October 31, 2021. EXPR’s December 2 earnings report saw a 21.3% increase in its stock price, hitting an intraday high at $4.38. But, EXPR’s stock fell 3.5% due to a larger market pullback triggered by the rebound of COVID-19.

It has seen a significant increase in its stock price since the beginning of the year, when it saw a 193.2% gain over the previous year and a 276.9% rise year-to-date. The company’s upbeat growth outlook and favorable analyst sentiment attracted meme investor attention.

However, with social media attention turning to other stocks, meme interest in the stock is ebbing, as evidenced by EXPR’s 34.5% decline over the past six months and 19.9% decline over the past month.

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