Why Party City's Shares Jumped 17.4% on Friday
Shares of Party City Holdco (NYSE: PRTY) jumped as much as 17.4% in trading Friday as more good news was released about a COVID-19 vaccine. Pfizer today became the first company to apply for Emergency Use Authorization on its COVID-19 vaccine, and entertainment stocks responded positively as a result. This follows news yesterday that AstraZeneca's vaccine has a positive response from older adults.