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Party City CEO Brad Weston is bullish on the business of balloons during what will be a unique holiday season.
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.
Lifetime Brands (LCUT) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.