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Why Abercrombie & Fitch Stock Is Soaring Today

Shares of Abercrombie & Fitch (NYSE: ANF) are flying higher on Wednesday. The company’s stock had gained 15% as of 2:36 p.m. ET. The jump came as the S&P 500 and the Nasdaq Composite were mostly flat. The clothing retailer reported its first-quarter numbers before the market opened on Wednesday, beating Wall Street targets. Where…