Why Did The Lovesac Company Go Up 53.5% in May?
The Lovesac Company (NASDAQ: LOVE), maker of modular sectional furniture and beanbag chairs, saw a share price increase of 53.5% in May according to data provided by S&P Global Market Intelligence. Lovesac shares began to rise following the earnings release and continued upward in May. This was a critical factor in Lovesac's success pivoting to an entirely online business, and it has worked out very well.